Monday, February 21, 2022

Apt Analogy

 


Given that our national debt is in excess of $30 trillion, it is understandable that the Fed is loath to raise interest rates before absolutely required to … since the interest burden on our nation budget spending becomes confiscatory. It’s kinda like cutting off your foot before starting a marathon race.


(Maybe why many other nations with even worse borrowing relative to GDP have such artificially low interest rates.)


STAND UP FOR FISCAL RESPONSIBILITY!


No comments:

Post a Comment