JOIN OR RENEW TODAY
"Because there's so much debt today relative to 10, 15 years ago, a small debt, a small move in yields, 50 basis points in yields today is equivalent to 2% 15 years ago."
Original Article: "Big Debt Plus Rising Interest Rates = Big Danger"
This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.
Douglas French is former president of the Mises Institute, author of Early Speculative Bubbles & Increases in the Money Supply, and author of Walk Away: The Rise and Fall of the Home-Ownership Myth. He received his master's degree in economics from UNLV, studying under both Professor Murray Rothbard and Professor Hans-Hermann Hoppe.