“So the stock market could have a negative wealth effect and weigh on capital spending, but a sharp decline in long-term interest rates would be an important counterweight.” LongImportantWould BeTermInterestWealthEffectsNegativeRateSpendingLong TermDeclineInterest Rate Author:Joseph Barbera
“I have long argued that paying down the national debt is beneficial for the economy: it keeps interest rates lower than they otherwise would be and frees savings to finance increases in the capital stock, thereby boosting productivity and real incomes.” LongRealWould BeInterestEconomyIncreaseRateDebtProductivityIncomeFinanceSavingBeneficialSavingsInterest RateNational Debt Author:Alan Greenspan