June 20, 2017 by

Interest Rates: A Barometer of Pressure or a Thermometer of Heat?

By David Clamage

thermometerHistorians have suggested that the concept of charging interest today for the use of money, goods or services to be repaid in the future goes back thousands of years, when a farmer could borrow a seed to grow wheat and repay that loan with “interest” in the resulting crop. Not much has changed since then, except for maybe the price of the tie your banker wears.

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