03 - John Cochrane on Finance, the Fiscal Theory of the Price Level, and Blogging
Macro Musings with David Beckworth
00:00
The Low Discount Rates on Government Bonds
CNN's Jim Boulden says low discount rates on government bonds are partly due to a global saving glut. The second thing, he says, is that U.S. debt objectively does not look like a great investment. "No one's paying attention to the rating agencies," but bond holders still want those bonds, writes Boulden.
Transcript
Play full episode
