PCR Interviewed by RT’s Erin Ade, December 3, 2013

PCR Interviewed by RT’s Erin Ade, December 3, 2013

“In the Keynesian model, if consumers save more than investors invest,
unemployment rises. Larry Summers’ prescription for negative real interest
rates is to penalize consumers for saving. This argument is a justification for
increasing Quantitative Easing, that is, printing more money with which to
purchase more bonds.

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