My brother has advanced the novel idea that borrowing at negative real interest rates is what brought on the inflation of the 1970s.
How much were we borrowing in the late 1960s and early 1970s? Also, how is a sovereign borrowing money different than it printing money? Bill _______________________________________________ pen-l mailing list [email protected] https://lists.csuchico.edu/mailman/listinfo/pen-l
