The Fed’s Immiseration of People Who Live on Interest Earnings: The Independent Review: The Independent Institute

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Volume 19 Number 1 • Summer 2014

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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.

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.

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