About that deficit

[athenian_abroad]

If you don't keep track of the interest rates on government debt, you might not know that investors are willing to pay the Treasury to take their money. That's right: for the last couple of weeks, the real interest rate on five-year Treasuries (i.e. the five year TIPS yield) has been negative. And the real rate on ten-year debt was a minuscule 0.

Comments

[roykay]

Hee!

Good point.

Biggest issue I have is "...corrections...". I want us to start shutting down prisons and eliminating victimless crimes, not create more.

[athenian_abroad]

Yeah, ideally so would I.

[athenian_abroad]

Heh...though I'm not sure Californians get to pick on Arizona for this. :)

[athenian_abroad]

You mean "Son of Quantitative Easing" or "QEII"?