Interest on money counters the degradation of value over time.

Let’s look at an example: 5% inflation, hum not bad what the harm. But if I told you in 14 years your money would be worth half its value you would be concerned. Systemic inflation has consequences. Controlling inflation is necessary and why we keep hearing the Feds talk about lowering inflation.

On the banking news, First Citizens bank agrees to buy assets of Silicon Valley Bank. Banking stocks are up sharply this morning.

It’s Monday and the sun is out. Go SDSU