Decades of low interest rates have ruined saving in the US economy, and banks are going to pay dearly for it.
Original Article: Is the US Banking System a House of Cards Waiting to Topple?
Douglas French is former president of the Mises Institute, author of Early Speculative Bubbles & Increases in the Money Supply, and author of Walk Away: The Rise and Fall of the Home-Ownership Myth. He received his master's degree in economics from UNLV, studying under both Professor Murray Rothbard and Professor Hans-Hermann Hoppe.
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