A Socratic Dialogue on Bond Prices

The knives are out, the stones are being thrown, and the edifice of the Chicago School of Economics is crumbling ...

Here's a Socratic dialogue on bond prices that argues how "mainstream" (aka Chicago) economics has forgotten the basic macro lessons of Hicks and Keynes.

(aside: pay attention to the last thing Sokrates says in the dialogue. The implication is that Chicago's position is more religion than logic. As always, the best rhetoric in Socratic dialogues comes from the Great One himself. Let's see what the Chicago sophists have to say for themselves)