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South central kansas |
If the bond "vigalanties" cause short term borrowing costs up for federal govt debt issuance(which is primarily short term, because of lower rates) then yes indeed, they can stop(or slow) the fed from "monetizing" the debt, because it would slow the rate of debt issuance. If short term rates were to rise 1-2 points or more, the intrest on the debt would rise dramatically. Because THEIR ARE limits to public sector debt issuance. | |
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Things in Europe not so rosy
