Federal Prime what now?

[asterroc]

There's this Federal Prime Interest Rate sorta thing. And the Feds change it. And somehow it makes all other interest rates change and whether people can get mortgages and stuff.

Explain.

Comments

[seekingferret.livejournal.com]

A genetic economy would be awesome. Make it so.

[galbinus-caeli.livejournal.com]

To some extent a genetic economy exists. Sales of hybrid crop seeds are effectively a lease of genes for one growing season. To grow the same crop again the farmer has to buy a new set of seeds each year.