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And a big chunk of the 'funds to run' go to servicing existing debt. This is a big part of why interest rates never substantially increased to pre-GFC levels. G
by postingawayonhn 6y ago
And a big chunk of the 'funds to run' go to servicing existing debt. This is a big part of why interest rates never substantially increased to pre-GFC levels. Governments would never be able to afford the higher interest rates.