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View Diary: David Stockman: “get out of the markets and hide out in cash” Corruption Of Capitalism (122 comments)

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  •  With regards to the low interest rates.... (0+ / 0-)

    its actually a little disingenuous to say that the Fed is robbing people.  Private sector debt is coming down from 300% of GDP at the height of the bubble......and a great amount of that is household debt....meaning that the low interest rates are saving literally millions of people from bankruptcy and further misery.  
    Don't get me wrong......I would love to see the Feds offer a special Govt savings bond that regular people could buy (up to maybe $20,000 a year) that pays inflation plus 5%...this would allow people to save for their own retirement AND prevent the aristocracy from hoarding all that interest income....there are solutions....but you need to understand that there are always 2 sides to every ledger.

    MMT = Reality
    http://neweconomicperspectives.org/

    "The Earth is my country and Science my religion" Christiaan Huygens

    by Auburn Parks on Mon Apr 01, 2013 at 02:42:25 PM PDT

    [ Parent ]

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