The R Star Theory

There's a debate has arisen about What we're gonna see afterwards. Some economists think that we're gonna go back to that period we had Just a couple of years ago where interest rates are super low. Even with that higher r star, it'll be lower than where it was 1520 Plus years ago Let's look at it the real rate for the 10 year government borrowing right now That's about 1.5 in the market and I think that roughly feels about right to me most of the structural forces that drove interest rates down like inequality and slow productivity growth They're still with us.