Naked Capitalism has this great article Easy Money is Dangerous Without Activist Fiscal Policy.

Yves Smith provides this introduction.

A layperson-friendy explanation of why the Fed’s and ECB’s policies are sorely misguided.

Time and time again, I have written about many of these issues on this blog. Perhaps this explanation can do a better job than I have.

I’ll give you the reasons that the article states, but you are going to have to spend a few minutes reading the explanation yourself. Also, please be advised that if easy money is a bad policy, just changing to tight money is a worse policy. I hope that this comes across to you as you read the article.

Here is the excerpt. If you have an inkling of understanding of any one of the following issues, then read the article.

Low interest rates plainly can’t stimulate the economy – and can actually be dangerous — without activist fiscal policy, for seven main reasons:

1) Households are forced save more to reach their retirement wealth targets.

2) Lower interest rates force employers to increase funding contributions to pay for defined pension plans

3) Lower returns on assets lowers household wealth.

4) Low interest rates immediately suppress the buying power of seniors.

5) Portfolio managers are tempted to take greater risks to reach their investment targets, which in turn creates asset inflation

6) Low borrowing rates changes the relative price of capital over labor.

7) The banking community is organizing to point out that a low interest rate destroys the business model for banks.

After you read and understand as much of this as you can, you should be able to see that Jill Stein, of all the presidential candidates, has the only platform and economic understanding to solve this economic problem. Kind of odd for a Green/Socialist candidate to understand this better than all the capitalists in all the other parties.