The Interest Rate Puzzle
human impulses-revenge, greed, wishful thinking-that can-not be measured statistics. The new Peace Institute, he predicts, will not just subsidize earnest academic thumb-twiddling but "will erode the forces of common sense, experience, and history that argue for a strong defense as a deterrent to war."
ICS, LABOR, & BUSINESS
'Do Large Deficits Produce High Inter- 'he Interest Rate est Rates?" by Paul Evans, in American Economic Review (Mar. 1985), 1313 21st Puzzle Ave. So.,...