The Wall Street Journal By Edward Conard | June 26, 2012 Todd G. Buchholz says the U.S. government should lock in low interest rates by issuing long-term debt ("Washington Should Lock In Low Rates," op-ed, June 20), but it is a bad idea. No surprise that the Fed has wisely done the opposite. Our economy currently suffers from a surplus of price-insensitive, risk-averse short-term savings. With the now-recognized risk of damage from withdrawals, the private sector has ... Read More
