> As in There where US treasury bonds issued at 17% That has much more to do with large-scale experimentation than exogenous factors. > At current interst rat

> As in There where US treasury bonds issued at 17% That has much more to do with large-scale experimentation than exogenous factors. > At current interst rates our debt is sustainable but bump that to 10+% for to long and it would distroy our economy. Without a peg/convertibility the central bank will always have the last say on bond rates[1]. [1] http://www.cfeps.org/pubs/wp-pdf/WP53-Fullwiler.pdf http://www.cfeps.org/pubs/wp-pdf/WP53-Fullwiler.pdf