Well, maybe you will. But I needed an attention grabbing headline because Ben Bernanke is now blogging and that’s big news.
Even better than the fact he is blogging is that other economists are responding to him and he actually responds back. There has been a really interesting back and forth on interest rates and secular stagnation.
I have found in the past that I tend to underestimate the amount of background required for things to make sense. So its possible that the below exchange will be less meaningful and exciting to people who aren’t me and don’t share my interest in macro. But if you are interested in understanding the world around you and in understanding what may be some of the most important issues in the developed world these days read through the below exchange:
Initial Post – why are interest rates so low
wairsl - Larry Summer’s Responds
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