Paul Krugman: The Strange Urge to Raise Rates: “Monetary policy attracts crazy people like moths to a flame: goldbugs, 100-percent-reserve-banking types, amateur historians who think they know exactly what happened when Diocletian ruled Rome… …The obsession with raising interest rates among economists who used to seem sensible…. Up to a point, Feldstein has followed the … Continue reading Nighttime Must-Read: Paul Krugman: The Strange Urge to Raise Rates