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Over the first two decades of the twenty-first century, interest rates havesunk lower than ever before. Central bankers and policymakers appear blitheto the unintended consequences of their actions, but easy money after theglobal financial crisis in 2007/2008 has produced several ill effects, includingthe appearance of multiple asset price bubbles, a reduction in productivitygrowth, discouraging savings and exacerbating inequality, and forcing yield-starved investors to take on excessive risk.
When you click on links to various merchants on this site and make a purchase, this can result in this site earning a commission. Affiliate programs and affiliations include, but are not limited to, the eBay Partner Network.