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 To day or not to day # 119: Increase the interest rate before a new bubble will affect the economy - Low interest rates were necessary to keep the financial system running. Now the disadvantages outweigh the temporary benefits to a pampered banking sector. Which has already helped enough. Source: Het Financieele dagblad, Saturday 12 December, 2013. Essay by Frank van den Berg, Professor of Financial Economics at the Free University, Amsterdam, engineer, banker and industrial entrepreneur. |
