The Great Savings Swindle

February 1979
New Republic;2/17/79, Vol. 180 Issue 7, p5
Calls on the United States government to repeal Regulation Q, which imposes a ceiling on the rate of interest paid on savings accounts, in order to encourage Americans to save more. Effects of inflation on private saving; Effects of the low interest on savings on people's efforts to save; Erosion in the purchasing power of Americans who have savings accounts; Claimed strategies by the government in increasing investments in the government's savings bonds program, such as the payroll savings plan; Call on the government to abolish its low-interest savings bond program.


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