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A comment on The long, slow, rotten march of progress. Parent comment
What is your model?
During the 90s low interest rates were not associated with low growth. Your model doesn't explain that.
You haven't established a causation here at all. How does it work? Why? What? It also completely ignores nominal vs. real interest rates.
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What is your model?
During the 90s low interest rates were not associated with low growth. Your model doesn't explain that.
You haven't established a causation here at all. How does it work? Why? What? It also completely ignores nominal vs. real interest rates.