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Tax,
Government

Sep. 23, 2015

Money for nothing

Who wins when the Fed refuses to raise interest rates, yet again?

Gideon Kanner

Professor of Law Emeritus
Loyola Law School

USC Law School

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In this article, I depart from my usual topics of eminent domain and land use to take a look at another topic that is worthy of your attention, namely, what has been happening, or more accurately, not happening to interest rates. For the umpteenth time, the Fed announced last week that it is leaving interest rates alone and leaving them at nearly 0 percent as far as the banks are concerned. What a deal if you are a banker!

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