michael vassar: “ I don’t think that Leonid understands what “rationalists” are. I ask him, where are you used to encountering these exotic creatures?”
From wiki: “rationalists” are people who believe that “the truth can best be discovered by reason and factual analysis, rather than faith, dogma or religious teaching”. I have encountered plenty of these exotic creatures (an occupational hazard). Of course, one needs to remember that subscribing to some doctrine and actually following it in a personal life are not the same things.
|The TIPS spread implies that the market expects low inflation for a long time
Could the low spread imply that the market is skeptical about the inflation being honestly calculated by the government?