Mises Wire
Author:
Dale Steinreich
Online Publish Date:
Fascinating column here on the “puzzling” rise in short-term interest rates and decline in long-term rates. At least he offers some alternative “gloomy” theories behind our flattening yield curve, but ends on this: All this attests to our economic ignorance. There are no simple rules (budget deficits, for instance) to explain interest rates. My