4 ms·
Anything that grows GDP faster than the interest on the debt reduces the debt burden. Considering the interest rate on Treasuries is not far from zero right now
by trevelyan 16y ago
Anything that grows GDP faster than the interest on the debt reduces the debt burden. Considering the interest rate on Treasuries is not far from zero right now, that isn't hard in this environment.
Agree in the long-term about the need for sustainable fiscal policy.