The economy’s unsung hero in the U.S. is low interest rates

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The economy’s unsung hero in the U.S. is low interest rates

Wed, 01/29/2020 - 14:10
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At the World Economic Forum in Davos, Switzerland, last week, President Donald Trump again talked positively about negative interest rates. That’s not a very good idea considering negative interest rates are a warning signal of deflation, which can be as bad for an economy as runaway inflation. But Trump was right to herald this era of low nominal interest rates and inflation. If you want to…

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