Usury rethought & The High Costs of Very Low Interest Rates

“What is especially frustrating is that supporters of 0% interest rates have a stark example of the policy’s failure staring them in the face: Japan. Following the bursting of its credit bubble in 1990, Japan eventually brought its equivalent of the Fed rate down to a then-unprecedented 0.25%. The nation proceeded to suffer a “Lost [...]

August 22, 2010
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