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Today's Must-Must-Read: Matt O'Brien: What People Talk About When They Talk About Zero Interest Rates - Washington Center for Equitable Growth

It’s the economy, not interest rates, that are distorted. People want to save more than they want to invest, and that is why rates are so low…. The mistake that Wall Street, and even some famous economists, make is… they think that lower rates are what’s messing up the economy, rather than reflecting the fact that it’s already messed up….
#Matt-OBrien - equitablegrowth.org