[quote=DomoArigato]Rich’s article is retarded. If interest rates go up, the value of existing U.S. debt will go down and the Federal Reserve can actually buy that old debt back at a cheaper overall cost than if interest rates were to go down or stay the same. This is just a simple present value analysis.
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“This is just a simple present value analysis” = Using big words to pretend what you wrote wasn’t nonsensical.
I mean, come on, the value of the debt going down IS the problem I am talking about! And you’re throwing it back like it’s some solution I haven’t thought of, as if that fixes anything. Bizarre.
As for Krugman, he is the equivalent of the 2006-era housing bull, whose entire argument basically comes back to saying just because something hasn’t been a problem yet, it will never be a problem.
