AEIdeas

The public policy blog of the American Enterprise Institute

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Discussion: (5 comments)

  1. If the Fed keeps buying treasuries the rate can stay low for a while. But eventually the markets will turn and there is no way to convince current bond holders to guarantee themselves losses by rolling over their holdings after the current bonds expire.

  2. Wayne Abernathy

    I have become very skeptical of “this time it’s different” arguments. The only argument against the potential explosion in U.S. debt service costs is that “this time it’s different,” interest rates will not return to historically normally rates. It takes very learned theorizing to make that case.

  3. Mike Jonze

    No way. We will always be able to borrow cheaply and easily. Similarly, unicorn meat is both delicious and low calorie (and makes your dog’s coat shiny).

  4. TIME FOR A “HAIRCUT” FOLKS, AND SOONER THAN YOU THINK; 50% OR MORE???

  5. Benjamin Cole

    James P. is doing some of the best blogging on the Fed and the economy of anyone lately.

    I sure hope the right-wing can get over its “tight-money and gold” bugaboo, and get behind pro-growth monetary policies.

    Sadomonetarism fulfills some sort of peevish resentments, but is also bad for the economy.

    Remember growth? Boom-times? Fat City?

    That’s what I like.

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