On the recordNovember 27, 2017
Large deficits in debt over a long period of time raise interest rates above levels where they normally would be and crowd out private investment and are bad for growth and productivity.
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congress.govBen Bernanke: “Large deficits in debt over a long period of time raise interest rates above levels where they normally would be and…”
Editor's note · Context
Bernanke warned about the negative effects of large deficits on the economy.
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