tag:blogger.com,1999:blog-7405365970209528125.post2908072397985645156..comments2010-03-07T19:37:56.248-08:00Comments on A NeoAustrian Perspective: What we need for this crisisFairEconomisthttp://www.blogger.com/profile/00141451224730993567noreply@blogger.comBlogger1125tag:blogger.com,1999:blog-7405365970209528125.post-22918988685165435752008-10-06T08:50:00.000-07:002008-10-06T08:50:00.000-07:00Just thought I would both prove that your blog has...Just thought I would both prove that your blog has a readership and give my response to you from the CR thread which you probably missed when things switched over <BR/><BR/>I completely agree that a higher rate might be the best medicine. It will reduce the relative value of the risk premium for solvent companies, it will steepen the yield curve (which is the primary incentive needed for a functioning credit system)<BR/><BR/>If you go too low, you knock the yield curve on its back and then you're like Japan and can't overcome the burden to restart growthAnonymoushttps://www.blogger.com/profile/06601051635272520960noreply@blogger.com