How many economists does it take -- to make the Congress and the president and the media pay attention? Paul Krugman has been warning of the dangers of austerity for a long time. But the media treats him as an outlier.
For liberals, high rates promise to ameliorate inequality. Economists may raise doubts about the efficacy of higher rates in achieving that goal. But it seems fair to say -- as liberals often do -- that lowering rates isn't likely to help.