Glenn Reynolds
Instapundit
3/15/2011
INDEED: Normal Interest Rates Would Be A Disaster For U.S. Debt. “And that’s why the Federal Reserve is buying U.S. Treasuries. If they didn’t, the U.S. would have to pay higher interest rates on its debt, and we can’t afford to. None of this can go on forever.”
Something that can’t go on forever, won’t.
