Punishing the Prudent

Writes Joanne Hare: “Bernanke is planning to cut the interest rate to 1%, and maybe .75%. He’s pure evil.” Instead, we need much higher interest rates, to reward savers and build for the future, which the free market would give us. As usual, Ben is following his master Maynard, who famously (and insanely) held that interest rates can and should be pushed to zero.