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There's No Easy Way Out of This Debt Spiral

Audio Mises Wire

Tags Money and BanksTaxes and Spending

11/28/2023Ryan McMaken

The new problem we now face arises from the fact that huge deficits are only manageable so long as interest rates remain very, very low. 

Original Article: There's No Easy Way Out of This Debt Spiral

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Ryan McMaken (@ryanmcmaken) is executive editor at the Mises Institute. Send him your article submissions for the Mises Wire and Power and Market, but read article guidelines first. Ryan has a bachelor's degree in economics and a master's degree in public policy, finance, and international relations from the University of Colorado. He was a housing economist for the State of Colorado. He is the author of Breaking Away: The Case of Secession, Radical Decentralization, and Smaller Polities and Commie Cowboys: The Bourgeoisie and the Nation-State in the Western Genre.

Original Article: 
There's No Easy Way Out of This Debt Spiral