![Low U.S. rates = default?](https://michaeljparks.com/wp-content/uploads/2012/04/US-treasury-FF-and-10Y-042612-150x150.png)
Prompted by reading, I’ve been thinking about an essay arguing that today’s exceptionally low interest rates are a form of default. The idea is far from original. Op-ed pieces in the Financial Times and the Wall Street Journal have seeded my thinking. An op-ed in today’s Wall Street Journal by [continue reading . . . ]