Sailing into the Winds of Dis-inflation

(Authors note: I wrote this piece in 2016. In the article, I made a bold prediction . . that interest rates would not rise for the foreseeable future. The reason . . .dis-inflation. As the Fed has (once again) lowered rates, it is apparent that this article is still relevant and that we need another solution to economic growth.)

Several years ago, I acquired a dilapidated Marshall catboat, which seemed fitting for a middle-aged man with four children. Of all the boats in existence, the catboat may be the least nimble. Heavy and fat, they were made for fishermen…