Quote

Low interest rates benefit individuals or investors who own or want to buy assets; in that regard, they disproportionately benefit wealthier Americans.

People employed in financial institutions are rarely interesting and even more rarely likable.

We know too little about global wealth dynamics, so we need international transmission of bank information.

At the end of the day, it's not a normal condition to have interest rates at zero.

However, in spite of the general perception that monetary policy should be conducted so as to avert deflation, a central bank cannot lower interest rates below the zero lower bound.

There is no accountability in soft money. None.

Nobody wants to have in their CV in the upper echelons of the American economic family that they nationalised major banks.

The IMF and other multilateral institutions do not appear to have prevented nations from manipulating the value of their own currencies.

Today the financial market is no good, but the money is there.

Low interest rates are usually attributed to low inflation, weak economic growth and super easy monetary policy. But there's another deep-seated factor that doesn't get much attention: demographics.