Re: poly: Why interest rates may stay low

I wrote:
>First, one the supply side, there are good reasons to
>think the supply curve is basically flat at about 1-2%.
>This is the rate predicted by evolutionary analsysis,
>being about a factor of two per generation.

Oops. I should have said more like 1.5-3.5%.
A factor of 2 in 25 years is 2.8%.

Robin Hanson
hanson@econ.berkeley.edu http://hanson.berkeley.edu/
RWJF Health Policy Scholar, Sch. of Public Health 510-643-1884
140 Warren Hall, UC Berkeley, CA 94720-7360 FAX: 510-643-8614
Received on Fri Feb 27 20:04:20 1998