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
Ryan McMaken is the editor of Mises Wire and The Austrian. Send him your article submissions, but read article guidelines first. (Contact: email; twitter.) Ryan has degrees in economics and political science from the University of Colorado, and was the economist for the Colorado Division of Housing from 2009 to 2014. He is the author of Commie Cowboys: The Bourgeoisie and the Nation-State in the Western Genre.
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