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More Utter Bollocks

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 Here

 I quote:

These low interest rates aren’t mainly caused by central banks, they’re market prices set by fundamental global influences outside of anyone’s control. The most important is demographics: ageing populations and rapid growth in the developing world have created a huge pool of savings looking for safe assets that generate a steady income. That has driven up the price of those assets and so pushed down the annual income they provide for each unit of value. This powerful force isn’t going to change soon.

Total crap.  

The Central Banks control interest rates.  The money supply is controlled by Central Banks.  The ‘fractional reserve’ banking settlement is sanctioned and promoted by the government.  Subsidy policy, like housing benefit is policy set by the government.  And tax policy which broadly taxes production and under-taxes or downright subsidises land is set by the government.

 



Source: http://markwadsworth.blogspot.com/2021/07/more-utter-bollocks.html


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