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Columns

The high price of low interest rates

25 March 2023

9:00 AM

25 March 2023

9:00 AM

You’ll recall that I’ve railed for years against zero interest rates, which transplanted a cancerous marrow into the very bones of the financial system. Originally a novel emergency expedience to shore up a fiscal skeleton riddled with osteoporosis in 2008, effectively free money was allowed to persist for an improbable 14 years.

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