Episode 70: The Federal Government is Bankrupt
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The Consequences of Keeping Interest Rates Low
The federal government borrows lots of money, which it has to repay at interest. But who gets to decide what the interest rate is? That actually matters when you start calculating debt payments. So sooner or later, interest rates like everything else are subject to market forces. And you can only artificially prop them up or keep them low for so long.
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