Should the Fed raise interest rates? Some believe that ultra-low interest rates are good for investors
because they drive up the prices of stocks and real estate, fattening household balance sheets. Others
counter that zero rates are an insidious tax, transferring wealth from borrowers to lenders, distorting
incentives and misallocating capital for individuals and government and making the American investor
poorer over time.
“The Hidden Cost of Zero Interest Rate Policies,” with Thomas S. Coleman, Advisor Perspectives, September 28, 2015.Click Here to Read the Article