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We’ve Been ZIRPed
by Dr. Mark W. Hendrickson
It isn’t easy to earn interest income these days. Interest rates on government T-bills, banks’ savings accounts, and certificates of deposit are microscopic. You can blame our government and central bank. They have “ZIRPed” millions of American savers. Here are the details: According to the U.S. Treasury Department, the average interest rate paid on federal […]