On the consumer banking side, a more normalyield curve would benefit banks like Morgan Stanley due to a better lending environment as banks can borrow short-term rates and lend long-term.
Inflation-indexed Treasurys are also cited as providing a quiescent inflation indicator, calculated by subtracting their yield from the yield on normal Treasury bonds.
For history tells us that the American Revolution was a radical departure from the normal state of affairs in which those in power determined the common good, and individual liberty by necessity had to yield to the needs of society.