A lot of people alive today happen to have spent their formative years in a period of anomalously high interest rates, which gives them a very distorted view of today’s slightly-below-average interest rates.

A lot of people alive today happen to have spent their formative years in a period of anomalously high interest rates, which gives them a very distorted view of today’s slightly-below-average interest rates. pic.twitter.com/HZ5eGdlaWc

— Matthew Yglesias (@mattyglesias) August 1, 2019