London Evening Post in London, Middlesex

The Perils of Low Interest on Trade and Land

A dense critique argues that lowering interest to two percent harms trade and industry. It warns of reduced profits, capital flight to foreign lands, and wider economic decay for merchants and landlords alike. The letter cites Locke on trade, rent, and land laws, contending lower rates deter enterprise, depress land values, and burden tenants while benefiting none.