The Fed continues to make deficit spending easier. One of the most insidious developments in the economic crisis has been the low-interest-rate environment. Short-term interest rates have been stuck near 0 percent for four years, while long-term interest rates have declined to historically low levels. These low interest rates have created ... MOREDavid Beckworth: The Low-Interest-Rate Blues
The Fed continues to make deficit spending easier. One of the most insidious developments in the economic crisis has been the low-interest-rate environment. Short-term interest rates have been stuck near 0 percent for four years, while long-term interest rates have declined to historically low levels. These low interest rates have created ... MORE