Edited on Wed Aug-11-10 03:07 PM by Kurt_and_Hunter
The OP is a statement that the RW claim that stimulus will lead to higher interest rates is FALSE in the way the RW means it and is a TAUTOLOGY in the way they do not mean it.
Interest rates reflect expectations of inflation.
Inflation correlates with economic growth.
If stimulus spending worked to stimulate economic growth (good thing) then of course interest rates would rise.
That is unsurprising and inevitable and desirable.
The fact that interest rates have gone down shows how insufficient our stimulus efforts have been. We have not created expectations of future economic growth.
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