Andy Harless Is Shrill

Looking at the bond market does that to you:

Employment, Interest, and Money: Bond Market Instability in a Liquidity Trap: [W:]ith bond yields having fallen significantly over the past few months, the Fed ought to get off its ass and start making credible threats to revive the economy before bond yields fall even more and reduce its ability to do so. For another thing, it means that we shouldn’t be too surprised to see the bond market behaving oddly. Whether or not one can reasonably call...