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We’re Probably All Wrong About Interest Rates

Bloomberg Businessweek

00:00

Is There a Need to Borrow a Lot to Fund a Retirement?

I think it's also wishful thinking that we have a lot of big fiscal plans and they rely on us having very low cost of borrowing. I think all these conventional macroisms get tied up together and we get maybe a little over invested in them. The struggle for a macroeconomist is always, how much can you separate out what cyclical and temporary and what's really structurally changing?

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