Financial Survival Network interviews Mises Institute’s Mark Thornton .. Thornton writes: “With politicians and central bankers seemingly gone mad with their obsession for money printing and ultra low interest rates, it is nice to know that academic economists have a term (i.e., financial repression) for the policies that have created our current economic conditions.” .. the term financial repression dates back to 1973 when 2 Stanford University economists – Edward Shaw & Ronald McKinnon .. identifies 2 major macroprudential policies of financial repression in use – ZIRP or zero interest rate policy of central banks to keep interest rates & lending rates at or near 0 – this makes the interest rate on government debt low .. & the second is QE or quantitative easing is the central bank policy of buying up government debt from banks – this increased demand increases the price of government bonds & reduces the interest rates on those bonds .. Take a look at the frescoes Mark refers to in his article and see if you recognize a parallel to modern America: The Allegory of Good and Bad Government .. 20 minutes