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.
The Feds Immiseration of People Who Live on Interest Earnings
By Robert Higgs
This
article
appeared in
the Summer 2014 issue of The Independent Review.
Banking Law and RegulationCivil RightsCulture and SocietyEconomyEntitlements and WelfareFamilyFederal Budget PolicyFiscal Policy/DebtGovernment and PoliticsGovernment PowerLabor and EmploymentLaw and LibertyTaxes and Budget
Other Independent Review articles by Robert Higgs | ||
Fall 2019 | Pressure-Release Valves in Participatory Fascism | |
Winter 2018/19 | Two Worlds: Politics and Everything Else | |
Fall 2018 | Against the Whole Concept and Construction of the Balance of International Payments | |
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