Rep. Warren Davidson (R-Ohio), the co-chairman of the Congressional Sound Money Caucus, is warning that the Federal Reserve’s policy of low interest rates carries the risk of debasing the dollar and “undermines the value of money.”
Davidson, in an interview with The Epoch Times’ “American Thought Leaders” program, also said that loose monetary policy fuels the disconnect between people who have a large part of their net worth in marketable securities, and ordinary workers with limited exposure to markets, or “people whose only recourse to wealth is labor.”
