Meanwhile, In The Bond Market - Krugman - NYTimes.com

The message is that the real interest rate on US bonds is negative - that is, LESS than ZERO, one you factor inflation.  So buyers of Treasury bonds are paying the U.S. for the privilege of letting the U.S. use their money. Take that, deficit hawks! - GWC
Meanwhile, In The Bond Market - NYTimes.com:


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