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To: 1010RD
The most destructive policy is the Federal Reserve’s zero interest rate

Zero interest didn't "destroy" anything.  The left just likes to say that so we won't blame taxes, regulations, and the loss of the rule of law.

19 posted on 08/01/2015 5:34:48 AM PDT by expat_panama (I)
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To: expat_panama

Pete, we agree on a lot of things, but ZIRP bailed out bad banks and punished the prudent savers. I wholly blame terrible fiscal policy by Democrats from the local level to the federal level for screwing up the economy. Yet the FEDs response was the bail out banks with ZIRP which punishes the responsible people. Moral hazard is real. This low interest rate environment is unrealistic and net harmful.


20 posted on 08/01/2015 6:05:00 AM PDT by 1010RD (First, Do No Harm)
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