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US Debt Implosion
Econ Lessons
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Comments by "US Debt Implosion" (@timcampbell2023) on "Economic Impact of a Government Shutdown" video.
@EconLessons FED is mandated by law to optimize jobs and keep prices under control, there is evidence that in the near future government demand for debt will not be met at current rates. Congress will want the FED to violate the mandate, Powell has already said, no. The only way around this is to revise the law. Lower interest interest rates is not the same as QE or yield curve control, both of which are highly inflationary and a violation of law. You can't presuppose you will have more demand for US debt at lower rates when demand at current rates is failing.
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