Are the Fed’s Interest Rate Policies Self-Defeating?

by Mike ‘Mish’ Shedlock
Mish Talk

It’s rare that I agree with economic theories written up in mainstream media. But this is one of those times, at least partially.

In an opinion article on the Financial Times, writer Eric Lonergan says Interest Rates are a Spent Economic Force.

I picked up that link in a Tweet, but failed to capture to the Tweeter.

Here are the two key paragraphs.

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