This Mistake We're Making Will Astonish Future Generations

When future generations look back at the last 20 years, they’ll be astonished that so many smart people around the world could have been seduced for so long by one of the most destructive economic ideas of all time.

The idea? That suppressing interest rates year after year would generate prosperity. This episode of What’s Ahead lays out how, instead of stimulating economic growth, suppressing interest rates year after year depressed it, leaving governments and companies around the world with crushing debts that now threaten a severe global crisis.

Policymakers are floundering at how to constructively respond.

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