The US Treasury Department on Friday reported that Washington’s debt interest-cost burden has climbed to a 28-year high, a combination of massive budget deficits and higher interest rates.
“I’m very worried about the lack of fiscal space and also whether worries about inflation might lead to suboptimal decisions about the fiscal response to a big shock,” said Karen Dynan, a Harvard Kennedy School professor and former Fed economist. “Monetary policy will face hard trade offs.”
That’s why both geopolitics and debt are top of mind for policymakers gathering in Washington.
https://finance.yahoo.com/news/world-economy-fault-lines-shift-170000786.html
Are you ready for your country to devolve into a command economy?
h/t mark000
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