The bond market, of all things, becomes a site of ideological battle…

Nice piece by Slate’s Daniel Gross about stand-off between Niall Ferguson and Paul Krugman over US bond yields. Sound arcane? Well, not really. It is a good illustration of how the supposedly neutral marketplace can become an ideological battlefield.

Our own bond yields have been rising too – but that prbably has more to do with the strengthening rand and falling interest rates, I suspect. Not that we’re not having our own little ideological spat over interests rates and inflation…


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