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Some argue that current US debt level blocks country from meaningfully increasing interest rates as it will balloon interest payments which are paid (in reality
by dfadsadsf 5y ago
Some argue that current US debt level blocks country from meaningfully increasing interest rates as it will balloon interest payments which are paid (in reality) by printing money. I am also not confident than US politicians are smarter than ones in Venezuela
- gpt5 5y agoThat’s not how it works. Increasing the interest rate will not increase the existing debt cost. The problem is that we are issuing new debt to pay off the old debt, and that new debt is using the new interest rate.