Later, he writes that "Lowered interest rates [in the 1990s] driven in part by the shrinking of annual budget deficits..."
According to the usual sources on interest rates, the 1990s real interest rates were high, not low.
I wrote "lower*ed*" for a reason...
Brad DeLong
- thinning ozone, Jim Devine Thu 06 Apr 2000, 16:18 GMT
- Re: thinning ozone, Louis Proyect Thu 06 Apr 2000, 17:02 GMT
- Run on the Bank, Patrick Bond Thu 06 Apr 2000, 16:09 GMT
- Brad DeLong's column, Jim Devine Thu 06 Apr 2000, 16:08 GMT
- Re: Brad DeLong's column, Brad De Long Thu 06 Apr 2000, 22:05 GMT
- Re: Re: Brad DeLong's column, Jim Devine Thu 06 Apr 2000, 22:21 GMT
- <Possible follow-up(s)>
- Re: Brad DeLong's column, Mathew Forstater Thu 06 Apr 2000, 16:25 GMT
- Re: Re: Brad DeLong's column, Ted Winslow Thu 06 Apr 2000, 18:48 GMT
- Re: Re: Brad DeLong's column, Brad De Long Thu 06 Apr 2000, 22:05 GMT