By: pcr3|04 December, 2013|Categories: Interview archive . Interviews . Russia Today
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. http://goo.gl/GK3TpU
Read more »By: pcr3|04 December, 2013|Categories: Articles & Columns
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