Mises Wire
Author:
Ryan McMaken
Online Publish Date:
the CNN article, however, was its admission that a persistent low-interest rate policy — one pursued by the central bank since the 2008 financial crisis — brings those who follow the Austrian-school critique of ultra-low-interest and easy money policies. Although critics of markets and so-called “neoliberalism” insist on more persistent. The rise of low-interest-rate-induced monopoly power then stifles innovation, leading to lower productivity, and slower global economic growth.