It will likely be hard to convince Canadians struggling with newly increased mortgage payments, but until very recently money has been free.Until recently, during that latest surge in inflation, borrowing to buy something was actually a lot cheaper than waiting to buy it a year later.That is because what economists call real interest rates were negative.
#people #back #years #getty-images #climate-change #unemployment #interest-rates #central-bank #globalization #world-economy
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