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OpEdNews Op Eds 12/5/2013 at 8:06 PM EST H2'ed 12/5/13

Paul Craig Roberts on the Dollar Demise and the Future of the Negative Interest Rate

By Paul Craig Roberts 4 comments

Paul Craig Roberts

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In the Keynesian model, if consumers save more than investors invest, unemployment rises. Larry Summers' prescription for negative real interest rates is to penalize consumers for saving. This argument is a justification for increasing Quantitative Easing; that is, printing more money with which to purchase more bonds.

I was interviewed by RT's Erin Ade on December 3 about this subject. Watch it below...

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Dr. Roberts was Assistant Secretary of the US Treasury for Economic Policy in the Reagan Administration. He was associate editor and columnist with the Wall Street Journal, columnist for Business Week and the Scripps Howard News Service. He is a contributing editor to Gerald Celente's Trends Journal. He has had numerous university appointments. His books, The Failure of Laissez Faire Capitalism and Economic Dissolution of the West is available (more...)

Related Topic(s): Bonds; Consumer; Dollar Crisis; Interest-rate Manipulation; Keynesian, Add Tags
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