The bank of Japan recently cut its lending rate to zero. Other central banks, including our own, are almost there. Only the biggest, most well-heeled borrowers can get these rates, however. Which is kind of silly. Because if you want to give this moribund economy a real boost, a lot more of us have to be invited to the borrower's ball...
Get Me An Invite
To The Borrowers' Ball
The interest on my credit cards is deep in double digits
So I use 'em for emergencies but not for fancy widgets
But if you're looking for someone to be your spending hero
Just look my way, I'll borrow big, at interest rates near zero.
Small business and consumers are both stuck in a deep mire
In large part due to just one thing, the cost of money hire
My nostrum is a simple one to end the slow growth moaning
Lend cash out cheap to folks like me, we'll spend all that you're loaning.
Some sure to say that with this plan we'd get spending too frisky
And yes, I'll grant, you lend too much and things can get quite risky
The fact is, though, that if the pump ain't primed down at the bottom
Lending becomes just trickle down, with consequences rotten.
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