ZIRP and You....are not saved

[Manonthestreet]

With artificial stimulus like ZIRP, we only end up with a situation in which governments, financial institutions, entrepreneurs, and consumers who should actually be declared insolvent all remain on artificial life support.

In line with Bastiat’s thoughts, numerous fatal long-term consequences of zero-interest-rate policies can be identified, but are generally ignored:
Mises Daily Mises Institute
Ticks off nine of em, all of which we are seeing last being wealth transfer to the rich......

 

[EdwardBaiamonte]

actually be declared insolvent all remain on artificial life support.

actually business in America is capitalist and competitive so 10,000 businesses go bankrupt each month without the need for some declaration of insolvency. As interest rates rise is it not clear whether bankruptcies will increase or decrease.

Do you understand?

 

[Mad Scientist]

ZIRP screws ANYONE who saves money.

 

[Manonthestreet]

Don't see anything in there about increase or decrease only that some that are insolvent remain artificially......can you read

 

[EdwardBaiamonte]

Don't see anything in there about increase or decrease only that some that are insolvent remain artificially......can you read

dear if it is artificial they will soon fall into bankruptcy along with the other 10,000/month so why are you worried about it??

 

[Manonthestreet]

When you have something to ad let me know.......

 

[EdwardBaiamonte]

When you have something to ad let me know.......

translation: as a typical liberal I lack the IQ to defend my own thread, so I will read about conservatism in an effort not to waste my whole life as a liberal.