I gave a speech on the Economic Policy Working Group in Hoover on Wednesday, which included a short article “<“And from”Low interest rates and government debt“If the above embedding is invalid, it is located in Hoover webpage is here.

Does an interest rate lower than the economic growth rate mean that debt is a free lunch, or at least a really cheap snack? I do not think so. Key point: The scenario of one-time borrowing or financing a small deficit has nothing to do with the actual fiscal problems of the United States of permanent huge deficits and a surge in debt. I also try to deal with economics. An economy can have a well-defined debt that is equal to the present value of the surplus, in which the deficit must be repaid, but E(r) is still displayed

I first made an acrimonious comment, but what I regret now is that, in contrast to “we must pay for this and increase corporate tax”, r

A lot of r