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blackbootz · 3061 days ago · link · · parent · post: Larry Summers: Interest rates are at inconceivable levels, and we must confront what that means
Woah, wait. This is bending my mind. You're saying that, though the nominal value has doubled, the total capital has stayed roughly the same, over the last ten or so years? Also, there hasn't been any real inflation? (I feel like the answer to one of these questions is the answer to the other.)