November 2, 2015

THE RIGHT IS THE LEFT:

Ben Carson and Ralph Nader have the same wrong idea about the Fed (Timothy B. Lee, November 2, 2015, Vox) 

People on both the left and the right are arguing that the Federal Reserve is hurting savers by keeping interest rates low.

On the left, there's Ralph Nader, who recently wrote a polemic from "Savers of America" arguing that Fed policies constituted a massive transfer of wealth from ordinary Americans to big banks.

From the right, Ben Carson argues that low interest rates hurt "poor people and the middle class," who used to be able to accumulate wealth with a savings account.

If ever there were two guys you wanted light years away from our economy....

Posted by at November 2, 2015 4:32 PM

  

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