“Interview”
Brian Snowdon, Howard Vane, and Peter Wynarczyk, A Modern Guide to Macroeconomics:
Brian Snowdon, Howard Vane, and Peter Wynarczyk, A Modern Guide to Macroeconomics:
Israel M. Kirzner VENTURA Adobe Acrobat 6.0 Paper Capture Plug-in
paper delivered at the Southern Economic Association meetings, New Orleans. (1999)
South African Journal of Economics, vol. 65, no.
Greenspan speaks of a condundrum whereby long-term yields on government bonds are surprisingly low. Why anyone would invest in them is a legitimate question, writes Stefan Karlsson.
Eugen von Böhm-Bawerk expressed concern that the interest rate might not get rid of its "moral shade"—its moralischer Schatten. Thorsten Polleit chronicles the attempts to drive it to zero.
Greenspan says it is a puzzle why long-term rates remain low while short-term rates have risen. But Frank Shostak says that this is not a puzzle at all.