Recent decisions by the Federal Reserve, intended to keep interest rates low, will hurt taxpayers in the future, according to Duquesne University economist Antony Davies.
The Fed bailed out financial institutions in 2009, and chairman Ben Bernanke has continued to exercise his judgment through a series of stress tests. Those stress tests can influence the market by flooding it with capital and potentially handicapping the U.S. economy in a global market.
In an interview with The Daily Caller, Davies explained the consequences of artificially low interest rates and government spending.
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