(The effects of inflation expectations.)
(The effects of inflation expectations.)
Suppose we set a goal today to repay the federal debt within 50 years. Assuming an annual interest rate of 4%, we would need to run budget surpluses of $1.7 Trillion every year.
Instead we are running massive fiscal deficits.
Suppose we set a goal today to repay the federal debt within 50 years. Assuming an annual interest rate of 4%, we would need to run budget surpluses of $1.7 Trillion every year.
Instead we are running massive fiscal deficits.