197: Unprecedented low interest rates are not forever. Veronique de Rugy, Senior Research Fellow@ Mercatus Center @veroderugy
Image: A new way to pay the National Debt, James Gillray (https://en.wikipedia.org/wiki/James_Gillray) , 1786. King George III (https://en.wikipedia.org/wiki/George_III_of_the_United_Kingdom) , with William Pitt handing him another moneybag. Public domain. Veronique de Rugy, Mercatus Center, in re: Thirty-year mortgage under 3% for the first time ever. Did the Federal Reserve create this? Will it be permanent? No; but it’s a great moment to accumulate debt. This is a perfect environment in which to cut spending, but both parties [rush headlong into increasing debt]. A permanent debt crisis. We’ll slow even more with a $7 trillion debt. https://www.wsj.com/articles/30-year-mortgage-rate-reaches-lowest-level-ever-2-98-11594908357?mod=hp_lead_pos2