The Inflationary Effects of Rising Interest Rates

The last time the US government ran a government surplus, I think 2000, 2001, 1999, somewhere around there. And yeah, the US borrows a lot of money and now interest rates are going up. A lot of the new refunding from the treasury is actually on the short end of the yield curve. So, they constantly have to refinance, instead of borrowing. But you also can't dismiss the other side where it costs more money for businesses and corporations to operate,. It's just costing more money.

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