Zero Interest Rates Destroy Jobs: Employees Become Expensive Relative to Machines-Hedge Fund Boss Warns

CNBC reports on what Citadel boss Ken Griffin said:

"As we've all learned over the years, if you reduce the cost of capital you increase your use of fixed assets and you take out jobs. Corporate America, seeing an ever increasing cost for its employee base and extraordinarily low interest rates, is taking every step it can possibly take to reduce employment, to build factories abroad and domestically to substitute technology and automated processes for people," Griffin said.

The great moments of central planning. It long past time to end central banking in America.