The Fed’s Immiseration of People Who Live on Interest Earnings
By Robert Higgs
This article appeared in the Summer 2014 issue of The Independent Review


Since the last quarter of 2008, the Federal Reserve has pursued a monetary policy that has devastated retirees dependent on interest income. Small wonder, then, that participation in the labor force has increased for those 55 years and older.

Other Independent Review articles by Robert Higgs
    Fall 2015   How Big Is Government in the United States?
    Summer 2015   Gross Domestic Product—an Index of Economic Welfare or a Meaningless Metric?
    Spring 2015   Compassion—a Critical Factor for Attaining and Maintaining a Free Society
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