Tag Archive: Woody Allen

The ZIRP/NIRP Gods and their PhD Priesthood Have Failed

The priesthood's insane obsession with forcing people to spend their savings by punishing savers with ZIRP/NIRP has failed spectacularly for a simple reason: it completely misunderstands human psychology. Let's start with a simple chart of the Fed Funds Rate, which the Federal Reserve has pinned near zero for years.

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