Low rates are truly negative


Prosperity happens when brains are matched with capital, and all sides are held accountable: the "brains", the "capital" and the "matchmakers". In every society and at all times one can raise capital either through private or government "matchmakers". Yes, there are mafias too, and often "mafias" and "governments" are indistinguishable - but let's forget about this reservation, and focus on what the above more general observation implies about interest rates.

-Article by Reuven Brenner

Read full article: Asia Times, July 21, 2012