“For years, we lived in a world where there was basically zero risk premium on U.S. debt,” Jared Bernstein, the former head of Joe Biden’s Council of Economic Advisers, told me.
“In four short months, Team Trump has squandered that advantage.”
“For years, we lived in a world where there was basically zero risk premium on U.S. debt,” Jared Bernstein, the former head of Joe Biden’s Council of Economic Advisers, told me.
“In four short months, Team Trump has squandered that advantage.”
Spending by 1) borrowing or 2) by increasing the money supply are VERY different things.