This week, the Financial Times
editorial page published an op-ed written by Blackstone President Tony James on the effect that low interest rates have on the U.S. economy and how sustained zero rates hurt workers’ pay, the incomes of the elderly, and productivity.
To read the full Op-Ed, “To revive America’s economy, raise interest rates,” please click here
In case you missed it
Read Tony James’ book Rescuing Retirement, which offers a path to financial security for millions of retirees.