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December 4, 2019

Low interest rates and an accommodative monetary policy may actually be holding back the economy by impairing the financial sector and slowing credit growth.

The current U.S. economic recovery is often noted for being the longest ever in terms of time duration.  It is less often noted that it is also one of the weakest in terms of average annual growth rate and total output.  This has occurred alongside record low interest rates in the U.S. and globally, and...
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