Jason Purcell is an analyst at a major financial institution with a specialty in bond analysis. He joins Bob to discuss his historical analysis of yield curves (in both UK and US) going back to the 1870s, which shows that central banks do indeed manipulate short-term interest rates.Bob's Article on the Inverted Yield Curve: https://Mises.org/HAP457aGoerge Selgin's Cato Article on the Fed: https://Mises.org/HAP457bThe Charts Referenced in this Episode: https://Mises.org/HAP457c