Interest Rates for Beginners

James Kwak at The Baseline Scenario made a good post yesterday going over some of the basics of interest rates: the Fed Funds rate and how it filters out into all the other interest rates that consumers care about.  Good background reading if you are interested in economics.

This is an interesting blog for people who really want to dive in deep.  It’s from some economics professors at MIT and the London School of Economics, along with a former McKinsey consultant.