Barry Ritholtz, Columnist

Do We Need a 50-Year Bond?

The U.S. should take advantage of low interest rates and issue long-maturity bonds.

May 5, 2014 at 12:40 PM UTC

Barry Ritholtz is a former Bloomberg Opinion columnist. He is chairman and chief investment officer of Ritholtz Wealth Management, and was previously chief market strategist at Maxim Group. He is the author of “Bailout Nation.”

Is it time to feed them? Photographer: Dale de la Rey/Bloomberg

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``When the ducks quack, feed them” -- Wall Street proverb

In 2001, the U.S. Treasury decided to stop issuing 30-year bonds. The budget surplus made the long bond unnecessary and the new tax cuts were going to generate faster growth and abundant revenue.