All Commentary
Thursday, March 1, 2012

Bernanke Says Low Interest Rates to Continue

“Federal Reserve Chairman Ben S. Bernanke said elevated unemployment and subdued inflation mean interest rates are likely to stay low, without offering any sign that the economy needs an additional monetary boost.” (Bloomberg News)

Artificially low interest rates have high future costs.

FEE Timely Classic
“How Government Distorts Labor Markets” by Robert P. Murphy