Loading ...is exactly why interest rates can never rise again.
I was recently on a conference call with one of our US Senators from Idaho and broached that question. Surprisingly he agreed, although he mentioned a lower infrastructure bill and was concerned about how to pay for it. He mentioned building toll roads which I thought was a bit disingenuous that he is worried about deficits now after years of growing our debt and government while he’s been in office.
It seems clear to me that deficits don’t matter with the new Modern Monetary Theory (MMT). Apparently printing works as long as rates are low. It’s been working for Japan for decades.