Pending Sales of U.S. Existing Homes Decline by Most in a Year

[cthulu2016]

21. MadHound was citing the neoclassical nonsense. I was translating it.

MadHound is the one who provided a link to the definitive enshrinement of neoclassical nonsense with some snark about how I should be reading Krugman so that "common sense" will illuminate me.

I then had to explain what Krugman was trying to say in hopes that MadHound would recognize that Krugman, being of the neoclassical nonsense school, is not likely to have ever given any support for the proposition that higher interest rates cause either inflation or growth (though the historical correlation of the two is plain).

You would just as sensibly tell MadHound that he or she is linking to neoclassical nonsense or go over to Krugman's blog and tell him that he is preaching neoclassical nonsense.

But since you are here... I remain curious where I could find a simple explanation of the theory in which low rates are restricting growth.

I do not believe they are but I was not born with any beliefs on the topic whatsoever, so obviously whatever I believe today was acquired, derived and reasoned, and that ongoing process has not finished so I am perfectly amenable to new ideas.