I don't completely agree with him.
Krugman and Rate Rage.
Is QE good or bad for capital, for rentiers, whatever? No matter — it’s bad for bankers, because it leads to a compression of the net interest margin, the spread between deposit rates and lending rates. And that is why there’s so much agitation for rate hikes on the part of finance.Rate Rage
The Rage of the Bankers
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