Magazine February 9, 2015, Issue

Savers’ Real Problem

To help them, target nominal-spending growth

A common complaint over the last six years has been that the policies of the Federal Reserve are punishing savers. According to one line of criticism, the Fed has engaged in a recklessly inflationary policy that has eroded the value of people’s hard-earned savings. An overlapping group of critics say that retirees living on fixed incomes have been hit especially hard because the Fed’s “zero-interest-rate policy” denied them a solid return to savings they had accumulated over a lifetime of toil. These low interest rates are sometimes held to have distorted investment patterns, too, driving life-insurance companies and pension funds

In This Issue

Articles

Politics & Policy

Moved to Kill

Le Parc des Buttes-Chaumont, the 60-acre public park in which the Kouachi brothers, who carried out the murderous attack on the offices of Charlie Hebdo, participated in an extensive jihadi ...
Politics & Policy

Rire in the Rear

It’s been more than two weeks since the deadly attack at the Paris offices of Charlie Hebdo, the French satirical magazine, which is enough time to allow me to say ...
Politics & Policy

Apprenticed for Success

President Obama is committed to making community college as accessible as high school, and he is convinced that doing so will greatly improve America’s economic prospects. Specifically, he is calling ...

Features

Books, Arts & Manners

Politics & Policy

Bacon Bits

Over a recent holiday, I was rummaging through my mother’s basement. I found a book called “Notes on the Piano,” by Ernst Bacon. I had enjoyed it very much when ...
Politics & Policy

Things That Go Bump

Horror movies are rarely critical darlings, and horror movies released during the height of prestige-movie season even less. But the Australian import The Babadook has worked its way under the ...

Sections

Politics & Policy

Letters

Greyhound with Wings In your January 26 issue, Kevin D. Williamson (“Unholy Alliances”) charges airlines with a “cascade of incompetence” because he has apparently been routinely and unfairly inconvenienced by them. ...
Politics & Policy

The Week

‐ It’s great that they’ve got a friend. Now could they have an ally? ‐ President Obama’s State of the Union address was full of liberal proposals that thankfully stand no ...
Athwart

Being Sad Together

I was never Charlie. I support their right to stick out their tongue and blow raspberries; I do so from a safe distance with no thought of personal risk. My workplace ...
Politics & Policy

Poetry

CRITIC The black-capped skull obliviously alert (My stare had not yet caught its yellow eye),                                        His head jerked left then right. Between each stab: the hooked neb, pricking at              An upturned breast, its puff of ...

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