The econ fight inside the Right
The New Bazaar
The Fears of the Past No Longer Apply to the Economy
The fear of the past was that if the government borrowed too much money by selling treasuries, people who bought those treasuries would start to get nervous. And so there'd end up being less demand treasuries. The consequence would then be that the government would have to keep offering higher interest rates in order to get people to buy those Treasuries. That's what you're saying here is that those fears of the past were not realized in the last decade or so when the government did borrow more money to spend on the economy.
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