During the late nineteenth century many farmers in the American Midwest complained that the real interest rates they were paying on their mortgages were higher than the nominal rates. Is this possible? Aren't real rates always lower than nominal rates?

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The Answer of During the late nineteenth century many farmers in the American Midwest complained that the real interest rates they were paying on their mortgages were higher than the nominal rates. Is this possible? Aren't real rates always lower than nominal rates?

During the Late Nineteenth Century Many Farmers in the American