Mises Wire
Author:
Karen De Coster, CPA
Online Publish Date:
The interest rate needs to be at negative 6% “to supply the needed amount of monetary stimulus.” As a result, “we are entering a world with interest rates that are far too high for the economy’s good,” Goldman Chief U.S. Economist Jan Hatzius wrote in a Jan. 16 research note. As this Business Week writer tells us: The solution is obvious: The Fed