PETER SCHIFF

PETER SCHIFF

Sunday, August 28, 2011

Ultra-low interest rates are among the biggest impediments currently preventing genuine economic growth in the U.S

Peter Schiff : Ultra-low interest rates are among the biggest impediments currently preventing genuine economic growth in the U.S. economy. By committing to keeping them near zero for the next two years, the Fed has actually lengthened the time Americans will now have to wait before a real recovery begins. Artificially low interest rates are the root cause of the misallocation of resources that define the modern American economy. As a direct result, Americans borrow, consume, and speculate too much, while we save, produce, and invest too little. - in CNBC

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