Low Interest Quotes
North was none-the-less in favor of allowing interest rates be much higher, but was stating the best argument, believed at the time by most English experts, and many American economists today.
At the time there was a worldwide recession and although the United States economy was not in very good shape, it was better than the other democracies and those nations with better economies then were authoritarian governments where investors did not trust their currencies. As a result, many wealthy people and businesses throughout the world were willing to lend money to the United States as a safe haven.