“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
