You didn’t answer my question. Do you think interest rates should be centrally managed or set by the free market?
I don’t know that commenting on tbond prices would be helpful. If you don’t think inflation is higher than 5%, you also are not likely to understand the reasons why bond rates are not higher (hint - if you want to “set” or “control” interest rates, you buy bonds to keep rates down. look at the balance sheet of the fed and see how their inventory of bonds has been piling up. they are printing money to buy these bonds - this will cause yet more inflation)
I did answer your question. If by the "free market" you mean the gold standard, you can plainly see from my chart that except for a few hiccups, the Fed has done a much better job of creating price stability (especially since '82) than we had under the gold standard. I like what works.
I don’t know that commenting on tbond prices would be helpful. If you don’t think inflation is higher than 5%, you also are not likely to understand the reasons why bond rates are not higher
You predict 100% inflation over the next five years and you think all those smart folks in the bond market are buying 10-year bonds so they can lose their asses?
(hint - if you want to “set” or “control” interest rates, you buy bonds to keep rates down. look at the balance sheet of the fed and see how their inventory of bonds has been piling up. they are printing money to buy these bonds - this will cause yet more inflation)
Again, all those people buying long term debt are doing so, oblivious to what's so obvious to you, to lose money? I think those people are a lot smarter than you give them credit. Knowing what you know must have made you a wealthy person indeed.
Why don't you show us the Fed's balance sheet? Prove your point.