12/10/2014 - David Stockman on how Negative Interest Rates are taking away Wealth from Bank Depositors
TomWoodsTV interviews David Stockman .. Stockman says the Keynesians have had their day in Japan & worldwide .. rails against Harvard University’s Ken Rogoff on the abolition of physical cash to facilitate the further expansion of monetary policy – governments trying to implement negative nominal real interest rates to take wealth away from bank depositors to help pay down government debt .. it’s financial repression .. 30 minutes
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