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Helping hardworking families – keeping rates low


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Via ShareTheFacts, number three in a series of charts from the Conservative Party:   It is undoubtedly true that this Government and the Bank of England have worked together to suppress interest rates and that this is good news in the short term for the many thousands of people carrying too much debt thanks to … excessively low interest rates. It’s crushing savers and it’s why we read Britain’s personal debt mountain hits record high of £1,429,624,000,000 as mortgage approvals soar […]

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Telegraph: “Will the great interest rate gamble pay off?” No.


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Via The Telegraph, Will the great interest rate gamble pay off? By the time this month’s auction is over, the ECB will have doled out nearly one and a half trillion euros of “free” money to help keep the banking system alive, with much more to come over the months ahead. Nobody is under any illusions. These actions have not succeeded in vanquishing the crisis. Underlying structural issues remain unresolved, and it is most unlikely that the starvation diet to […]

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Can the Manipulation of Interest Rates Create Wealth? » The Cobden Centre


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An article by my Cobden Centre colleague, Toby Baxendale, exploring whether manipulating the interest rate can create real wealth: You often hear politicians and economic commentators say that we must have low interest rates to make sure the price of money is as low as possible to allow people to borrow and thus spend. This is very much the common view whatever your political outlook. The thought behind this is the Keynesian notion that one person’s spending is another person’s […]

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