Credit to Peter Schiff:
Doctors used to think the way to cure someone was to perform a
procedure called bloodletting (bleed them out). The problem is no one
ever got better because of the procedure and many died.
Similarly, central bankers around the world think they can cure the
economy by manipulating interest rates, essentially holding them at zero
for years on end. They think Keynesian policies of "stimulating" the
economy through money printing will fix the economy. The problem is no economies have ever improved because of these policies and many have collapsed.
http://www.schiffradio.com/may-jobs-report-takes-june-rate…/
The Lost Art of Critical Thinking and Common Sense in Politics and Public Policy
