Tuesday, October 17, 2017
HomeNewsVideoDan Mitchell Talks Perils of Easy Money, Artificially Low Interest Rates w/ Cavuto

Dan Mitchell Talks Perils of Easy Money, Artificially Low Interest Rates w/ Cavuto

Dan-Mitchell-Neil-Cavuto

CATO economist and PPD contributor Dan Mitchell joined Neil Cavuto to discuss Fed Chair Janet Yellen and the FOMC raising interest rates this year. Mitchell said there are two things that need to concern Americans with respect to inflation and raising short term interest rates.

First, the cost of borrowing money, considering the government’s massive national debt, will increase and even more of the federal budget will have to be allocated for servicing existing debt.

“That’s just going to add to the fiscal burden on taxpayers,” Mitchell said. “But secondly, if we do have a bubble and that bubble bursts, that of course causes instability in financial markets. Either way, I think the lesson we should be learning is–maybe we shouldn’t have had artificially low interest rates in the first place that encouraged all this debt.”

Written by
Staff Writing Group

People's Pundit Daily covers breaking news and headlines in politics, business, the economy, markets, health and world news. Data-driven political analysis and commentary from the most accurate election projection model on the Internet.

No comments

leave a comment

Subscriber-Funded. Dangerously Accurate.

2

Articles Remaining This Month

Login | Subscribe

Donate Corporate