4min chapter

Coin Stories with Natalie Brunell cover image

Treasury Markets 101 and Bitcoin: What's Breaking and Why with James Lavish

Coin Stories with Natalie Brunell

CHAPTER

Is There a Debt Spirale?

"We are in what we're in a debt spiral. The question is, when does it come due?" he asks. "They're trying to land this plane on a jet, a jumbo jet on a string," Obama says of the Federal Reserve's plans for inflation-controlled interest rates. But if you let inflation run hot, you get more nominal dollars to pay off that debt and so your tax bill will go up -- but not enough to cause riots. 'When you have four or 5%, yeah, it sucks'

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