The puzzle is not only that long-term rates are too low when viewed in the international context, but also that they are too low when viewed in America’s domestic context. The Bush administration continues to have no plans to sew up the veins it has opened with its medieval economic policy, which holds that bleeding revenue from the government cures all economic problems.
让人不解的是，不仅从国际上看长期利率太低，而且就是从美国国内来看，这一利率也非常低。布什政府还是拿不出任何计划来缝合自己用所奉行的中世纪经济政策割开的血管，上述政策认为，只要政府出血，让出部分税收，就可以解决一切经济问题。