Printed money is also cheap as long as inflation is low. For example it took trillions in unexpected spending to bump US inflation above the target 2%. And yi

Printed money is also cheap as long as inflation is low. For example it took trillions in unexpected spending to bump US inflation above the target 2%. And yields are going to remain low because of the aging population of the "west" put their pension into stable assets, and pension funds will buy gov. bonds. https://fullstackeconomics.com/sorry-deficit-hawks/ https://fullstackeconomics.com/sorry-deficit-hawks/