Can the Government Even Pay the Rising Interest Expense on its Gigantic Debt as the Fed Pushes up Rates? Yes. Here's Why - WOLF STREET

Higher rates eventually enforce a sort of discipline on the drunken party in government and even in the private sector. That would be a good thing.

Higher rates eventually enforce a sort of discipline on the drunken party in government and even in the private sector. That would be a good thing. There has been a lot of hand-wringing recently amo… [+5265 chars]

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