Lots of people, including myself, bought fixed-rate mortgages over the past few years, but in a twist that's surprising to most economists interest rates haven't risen even as the economy has heated up and the Fed has raised their funds rate significantly. Robert Samuelson thinks low rates may indicate a healthy economy, and he looks at some of the possible indicators.

Via Tom Maguire, as he wishes Paul Krugman happy anniversary for his many wrong predictions. The thing with Krugman is that I just don't believe he's stupid enough to be wrong so often... I think he's wrong on purpose, because he's more intent on politics than economics.



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