Greenspan's Interest Rate Conundrum

Filed in archive Economy on June 14, 2005

Alan Greenspan continues to be mystified by the apparent interest rate "conundrum." How could long term interest rates be falling in the face of all the "heavy lifting" the Fed has been doing to the fed funds rate?

Frank Shostak provides The Maestro with a solution to his problem. After reading the article you wonder if Greenspan is truly perplexed or just trying to appear so. In fact, some people are of the opinion that you shouldn't believe a work Greenspan says.

If you are at all interested in economics do yourself a favor and head over to the Ludwig von Mises Institute. It offers a treasure trove of practical information. If you like what you see don't be afraid to let them know.