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Old 12-04-2014, 02:42 PM
Danny B Danny B is online now
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Join Date: Oct 2012
Location: L.A. Ca.
Posts: 4,884
Destruction of capital and wages by ZIRP

"Irredeemable currency is the ultimate cause of unemployment, as
the central bank's monetary policy makes the marginal productivity of labor rise, thereby making marginal wage earners dispensable"
http://www.professorfekete.com/artic...ptedInsInd.pdf
"To add insult to injury, wage earners are bombarded
by government and central bank propaganda. “Stand still little lamb, the ‘haircut’ is good for you! You will love the lower interest rate environment that is yours free of charge, courtesy of the Fed!” The truth is that, in effect, a great injustice has been inflicted on all wage earners. They have been victimized."
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