The new problem we now face arises from the fact that huge deficits are only manageable so long as interest rates remain very, very low.
Original Article: The Federal Reserve is Running Losses. Does This Cost Anyone Anything?
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The new problem we now face arises from the fact that huge deficits are only manageable so long as interest rates remain very, very low.
Original Article: The Federal Reserve is Running Losses. Does This Cost Anyone Anything?
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