Source: Paul Krugman
by Paul Krugman
“Yesterday I wrote about how interest rates are rising around the world. I acknowledged that the higher rates are a real problem, but argued that there is no evidence that the U.S. faces a looming Greek-type debt crisis. Today I’ll talk about why it’s important for the future Democratic administration (assuming that we have free and fair elections in 2028) to keep a sense of perspective and not panic about the size of the federal debt.” (08/20/26)
https://paulkrugman.substack.com/p/the-case-against-bond-market-panic