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Monday, November 23, 2009

Government’s Favorable Borrowing Terms Fading


“The United States government is financing its more than trillion-dollar-a-year borrowing with i.o.u.’s on terms that seem too good to be true. But that happy situation, aided by ultralow interest rates, may not last much longer.” (New York Times, Monday)

All good things must come to an end.

FEE Timely Classic
“A Closer Look at the Debt and Deficit” by Robert Higgs


  • Sheldon Richman is the former editor of The Freeman and a contributor to The Concise Encyclopedia of Economics. He is the author of Separating School and State: How to Liberate America's Families and thousands of articles.