Wolf Richter: 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, Released on 6/27/22

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.

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Wolf Richter: Can the Government Even Pay the Rising Interest Expense on its Gigantic Debt as the Fed Pushes up Rates? Yes. Here's Why added by Herman James on 06/28/2022View all posts by Herman James ?+'