Abolishing interest has long been a leftist dream. Here is Thomas E. Woods, Jr explaining in laymen’s terms why stimulus spending prolongs recessions, why artificially low interest rates start and prolong recessions, and why anyone who thinks that economies need to be “stimulated” or that the problem with low interest rates is that they cause an economy to “overheat”, doesn’t know what they’re talking about.

It’s a longish video, but interesting and great fun to watch.