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Mr. Gnawbone
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Open Letter to Gregory Mankiw, 7 December - Keith Weiner - Monetary Metals

Thank you for your excellent article in response to Prof. Mankiw, I often point out these errors as obvious, and I have far less wisdom than you. We live in a state of intellectual hubris where truths fall on fallow soil and a lie sprouts wings.
Keep up the good work
Norbert Garvey

Commented 1365 days ago

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Beginning of the headline :Dear Professor Mankiw: I am writing in response to your article in the New York Times, “The Puzzle of Low Interest Rates”. I commend you for recognizing two important truths, which are missed by many other observers. One, that there has been a breathtaking drop in the interest rate over 40 years. Too many dismiss this with an airy hand wave, or deny it. Two, you see that the cause is not the Federal Reserve, at least not directly. As you note, the Fed aims to set the interest rate at levels dete... Read More

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