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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


Abstract

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
    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
    Winter 2015   Tolstoy’s Manifesto on the State, Christian Anarchy, and Pacifism
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Volume 19 Number 1
Summer 2014

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