Tuesday, July 17, 2012

Did I say "hope"?  I meant more debt - Coyote Blog has a good post about how dumb it is for America to borrow more just because interest rates are low: "The government should borrow more money because it gets a really good teaser rate on its credit card."  If interest rates reset to historical levels, the interest on the national debt would be significant and even more so if we borrow more.

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