Down.

Editor,

The purpose of near-zero interest rates is to facilitate government's ability to borrow money to spend on stimulating the economy.

Republican fantasies that unemployment is exacerbated by debt, not the reverse, are miring the American economy in zero-interest quicksand that is slowly sucking Americans down.

Re: "Speculative Bets Prove Risky as Savers Chase Payoff" (2/11/2012)