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.
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.
Robert Higgs is Retired Senior Fellow in Political Economy, Founding Editor and former Editor at Large 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
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