In a recent New York Times article
Krugman says:
“The really big losers from low interest rates are the truly wealthy — not even the 1 percent, but the 0.1 percent or even the 0.01 percent.”
Doesn’t he realize that the truly wealthy are never big losers. Its the middle class who are driven into riskier investments than they want who are damaged by the low interest rates.
The poor are not hurt by low interest rates, because they don’t have any money to invest.
The rich are not hurt by low interest rates, because only a small portion of their wealth is in fixed rate investments.