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The Economy’s Unsung Hero Is Low Interest Rates

The Economy’s Unsung Hero Is Low Interest Rates
Then-President Donald Trump delivers a speech during the World Economic Forum (WEF) annual meeting in Davos, Switzerland, on Jan. 26, 2018. Nicholas Kamm/AFP via Getty Images
Stephen Moore
|Updated:
Commentary

At the World Economic Forum in Davos, Switzerland, last week, President Donald Trump again talked positively about negative interest rates. That’s not a very good idea considering negative interest rates are a warning signal of deflation, which can be as bad for an economy as runaway inflation.

Stephen Moore
Stephen Moore
Author
Stephen Moore is a senior fellow at the Heritage Foundation, chief economist at FreedomWorks, and co-founder of the Committee to Unleash Prosperity. He served as a senior economic adviser to Donald Trump. His latest book is “Govzilla: How the Relentless Growth of Government Is Impoverishing America.”
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