tag:blogger.com,1999:blog-8270906704031641534.post123259144060250494..comments2023-09-10T08:14:36.455-07:00Comments on The Animal Spirits Page: “The spectre of default”Anonymoushttp://www.blogger.com/profile/06852145145315416007noreply@blogger.comBlogger1125tag:blogger.com,1999:blog-8270906704031641534.post-62890931712779335832009-06-23T07:54:01.890-07:002009-06-23T07:54:01.890-07:00I largely agree with you but think you miss anothe...I largely agree with you but think you miss another large cause behind the diverging fortunes of the American public. The artificial management of interest rates to ensure a steep yield curve, and therefore a profitable banking sector, has penalized savors to the benefit banks for decades. This is another large, silent tax on the prudent that is never discussed.Anonymousnoreply@blogger.com