tag:blogger.com,1999:blog-5908830827135060852.post5776681757652123222..comments2024-03-01T02:40:14.946-05:00Comments on Bond Economics: Yes, Interest Rates Are ArtificialBrian Romanchukhttp://www.blogger.com/profile/02699198289421951151noreply@blogger.comBlogger4125tag:blogger.com,1999:blog-5908830827135060852.post-90931985237967373902021-03-10T19:08:47.359-05:002021-03-10T19:08:47.359-05:00This comment has been removed by a blog administrator.tommyhttps://www.blogger.com/profile/14854260812487619227noreply@blogger.comtag:blogger.com,1999:blog-5908830827135060852.post-44648135901230363932018-01-31T22:38:04.678-05:002018-01-31T22:38:04.678-05:00This comment has been removed by a blog administrator.Bloggerhttps://www.blogger.com/profile/07287821785570247118noreply@blogger.comtag:blogger.com,1999:blog-5908830827135060852.post-17900328378486429902014-07-17T06:42:32.498-04:002014-07-17T06:42:32.498-04:00I agree that this is not too serious a issue, but ...I agree that this is not too serious a issue, but it does show up a lot in comment threads. I have seen the argument "the market should set interest rates and not the central bank" too many times.Brian Romanchukhttps://www.blogger.com/profile/02699198289421951151noreply@blogger.comtag:blogger.com,1999:blog-5908830827135060852.post-73024348915609226082014-07-17T01:35:27.542-04:002014-07-17T01:35:27.542-04:00AFAICS this is a distracting issue. The issue that...AFAICS this is a distracting issue. The issue that should be debated is why are we messing around trying to influence interest rates. They clearly don't 'do' what people think they do - much as exchange rates don't 'do' what people think they do. <br /><br />For interest rates to work they require private entities to borrow money, because it is an uncertain indirect mechanism - rather like trying to steer a car by moving your weight from left to right. <br /><br />About the only people who think that is a better idea than the alternative are those that make money out of lending, and their tame economists. NeilWhttps://www.blogger.com/profile/11565959939525324309noreply@blogger.com