[Download] "No Easy Money: The Case for Raising Interest Rates (Economics)" by The American Conservative # Book PDF Kindle ePub Free
eBook details
- Title: No Easy Money: The Case for Raising Interest Rates (Economics)
- Author : The American Conservative
- Release Date : January 01, 2009
- Genre: Politics & Current Events,Books,
- Pages : * pages
- Size : 55 KB
Description
HERE'S THE RECIPE for endless prosperity, central planning version: start with a little inflation to plump up asset values, encourage spending and make debt easier to pay off in the future, then add in declining interest rates to encourage expansion and reward buyers of bonds. (As interest rates drop, the value of the bond rises.) Lastly, run some big government deficits to stimulate spending and toss in expanding money supply so there will always be plenty of dollars to borrow and spend. Our central planners--the Federal Reserve and the U.S. Treasury--have furiously combined these ingredients, and the world watches anxiously to see if the results will be