All tagged Interest Rates
While we’ve all moved on from COVID, the government’s COVID largesse has a long tail. Kaplan’s been talking to mayors from around the country and they tell him “American Rescue Act (ARPA) money must be spent by states and municipalities between now and the end of 2024 or it’s lost.
ADG consulted interest rate historians Sidney Homer and Richard Sylla who opined “nominal negative yielding debt had never been seen in material size in the 4,000 years of interest rate history prior to the current cycle.” Economist Ludwig von Mises never imagined such a thing,
