In A Speech That Almost Everyone Missed, Bernanke Explained The Real Reason US Interest Rates Are So Incredibly Low

Ben Bernanke gave a great speech last week called "Long Term Interest Rates" but hardly anyone paid attention to it, because he gave the speech on Friday night and everyone missed it. It's worth going over, because he spends a lot of time riffing on a big question: What's the real reason that long-term interest rates are so low? You often hear for example, that US debt benefits from some kind of "cleanest dirty shirt" phenomenon, whereby it just looks good compared to everything else. Or you hea...