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Sort of. But the government also has a deficit. Which means it's exchanging low % notes for high % notes.
by maerF0x0 4y ago
Sort of.
But the government also has a deficit. Which means it's exchanging low % notes for high % notes.
- QuarterReptile 4y agoNitpick: Bonds coming to term means it's exchanging low% for high %. Deficit means that the problem accelerates even faster than that, because the total value of bonds continues to increase.