Borrowers rewarded, savers punished.
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Not if you can get a lump sum, as lower interest rates result in higher PV of lump sum pension payouts.
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and no worries here, govt will just default on any obligations to peasants --only peasants after all and they don't count as we know
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and you can thank big government all over the world for this problem. Policies penalizing savings & the redistribution of wealth
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It also allowed corporations and individuals to massively deleverage. PRECISELY the correct post-crash policy.https://www.linkedin.com/pulse/fed-just-killing-us-low-interest-rates-donald-davret …
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yes, but it was as intended, elites could not suffer in meltdown; only right peasants donate their savings to keep elites solvent....
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