Not exackly, Beaubert. Interest rates creep up when the currency is debased. The currency is debased when huge amounts of it are invented by fiat. The erosion process of unnecessary war, adulteration of citizen standards of production, the corrosion of liberties, and the freefloating redoubling of M3, which the Feds just somehow lately stopped reporting, will gradually lead to further devaluation of the buck, panic and higher interest rates. The things are joined under the table. So Presidents do have an impact on interest over the long term.

Our nation has a moral decline vis-a-vis productivity in that we save less today than any generation of Americans, and more of our population are upside down in debt. Our nation itself is spending five billion a DAY to service debt, up from 2-3 billion eight years ago. The rosy cloud of confidence in American fiat money is slipping. One reason is that the rosy cloud of confidence in American character has been badly dinged by Dick-Head Cheny and his gang of reckless marauders. Look for bubbles to slide, debt to be called, and a harder standard of living to emerge over the next decade.

A