Chapter
The Downside of Low-Interest Rates
34:42 - 39:27 (04:45)
The current system has a negative impact on savers, retirees, and the economy as a whole, as it favors the wealthy and perpetuates inequality.
Clips
The reliance on monetary policy alone has led to a slower growing economy where gains are funneled to those at the very top and not reinvested back into the economy.
34:42 - 37:34 (02:51)
Fiscal Policy
Summary
The reliance on monetary policy alone has led to a slower growing economy where gains are funneled to those at the very top and not reinvested back into the economy. The implementation of fiscal policy, such as providing direct stimulus to individuals, is necessary for sustainable economic growth.
ChapterThe Downside of Low-Interest Rates
EpisodeJon Referees an Economist Battle
PodcastThe Problem With Jon Stewart
In this episode, the consequences of low-interest rates and the impact on savers and retirees, as well as the broader economy, is discussed.
37:34 - 39:27 (01:53)
Low-Interest Rates
Summary
In this episode, the consequences of low-interest rates and the impact on savers and retirees, as well as the broader economy, is discussed.