Negative Interest Rates And Financial Repression
by Mark Thornton, Ludwig von Mises Institute
We are repeatedly told that the unprecedented monetary stimulus by the Federal Reserve and other central banks is necessary to stimulate the economy, create jobs, and generate economic growth. The truth is that this scheme is designed to stealthily steal from the productive classes in order to enrich the unproductive financial class and the counterproductive political classes. It is a con game.
Source: http://econintersect.com/pages/opinion/opinion.php?post=201909220211
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