Bernanke’s Blowout

Bernanke’s Blowout

What a zero percent interest rate is meant to do, and why it probably won’t work.

Posted Tuesday, December 16, 2008 - 10:48pm

(Photo of Ben Bernanke by KAREN BLEIER/AFP/Getty Images, Photo of treadmill and running Man by Photodisk/Getty Images.)

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Submitted by david wayne osedach on Thu, 12/18/2008 - 10:24am.

0% interest rate

It is clear that Bernanke is grasping at straws. His vision of a zero per cent interest rate is not going to result in an avalanche of bank lending.

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