The Unnatural Rate Of Interest (Ultra-Wonkish)

Summary:
Paul Krugman’s lat­est col­umn—“Check Out Our Low, Low (Nat­ural) Rates” (which he didn’t flag as “Wonk­ish”, even though it is so in spades—noted that the “nat­ural real rate of inter­est” was falling, and that this jus­ti­fied the low inter­est rate set by the Fed­eral Reserve. And this made me think about Karl Marx. Click here to read the rest of this post.

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