{short description of image}  
 

THE FED HAS NO CHOICE BUT
TO RETURN TO ULTRA-LOW INTEREST RATES

Thorsen Pollett

{short description of image}

Mises Institute, Mises wire, June 4, 2019, pgs.

 
 

Reviewer Comment:
Dr. Pollett points out that the current boom is built mostly on credit. Yes, the government is exchanging mostly credit rather than currency for what it receives plus what it gives to its pensioners and to its voter supporters in welfare. The process is through the FED and commercial banking system which then expand the volume of money in the market by making loans. He writes: "The artificial increase in the supply of credit pushes market interest rates downwards - that is, below the levels that would prevail had there been no artificial increase in bank credit supply." He supplies excellent graphs to illustrate the financial results.

 
 

 

 
 

 
 

 
 



.

,
 

.

 
 

 
{short description of image}

 
{short description of image}

 
{short description of image}

 
{short description of image}

 
{short description of image}

 
{short description of image}

 

Return to Xenophon.