On the recordMarch 22, 2023
Historically, it is a high level, but on the other hand, interest rates, real interest rates have moved down substantially in recent decades.
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Janet L. Yellen
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congress.govHistorically, it is a high level, but on the other hand, interest rates, real interest rates have moved down substantially in recent decades.
Yellen discusses the sustainability of high debt levels due to low interest rates.
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this has never been tried. It has been rejected by all past Treasury secretaries.