Free money

The Washington Post‘s Ezra Klein with a useful observation

Just a reminder: The market will literally pay us to borrow money from them for 5, 7 or 10 years. Pretty good deal for a country that has, say, trillions of dollars in infrastructure repairs it needs to make, or millions of workers who are unnecessarily unemployed. More here.

Here are the real interest rates on Treasury’s TIPS (click to enlarge):