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Reason

Veronique de Rugy

The Fiscal Hawks Were Right About Debt and Interest Rates

Interest Rates CBO Olivier Blanchard United States GDP Economy

:15 :15

The Best of Reason: The Fiscal Hawks Were Right About Debt and Interest Rates

While some nations tremble at the thought of high indebtedness, we Americans bask in the warm, comforting glow of $34 trillion in government IOUs. Why worry about a debt crisis when everyone wants to buy U.S. debt?

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