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GOVERNMENT DEBT IS NOT A FREE LUNCH
With interest rates on government HIFXEXQYPXMHIGEHIPS[WERYQFIVSJ PIEHMRKIGSRSQMWXWLEZIcEVKYIHcXLEX almost every advanced economy can EPPS[HIFXXSHVMJXYTXS[EVH/ETERIWI PIZIPW SZIV SJ,)5cIZIRF]XLI most conservative measure) without any great concern about long-term GSRWIUYIRGIW&HZSGEXIWSJQYGL higher debt might be right, but they XIRHXSHS[RTPE]SVMKRSVIIZIV]XLMRK that can go wrong.
American Consequences
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