I remember not too long ago when companies who had to sell bonds to raise capital complained about too much borrowing by the federal government. The cost of the borrowing would go up, because if the bonds of the federal because of borrowing, we’re high, the corporate interest would have to be much higher. Now not too long ago this was considered terrible. What happened to the corporate economist who would complain that this was the end for many businesses, or they would complain that this was so damn inflationary. And the corporate lobbyists trying to stop the government from borrowing.Maybe I’m getting deaf because I don’t hear that in this current economic climate with government borrowing with high interest rates.
*** Government needs to borrow if we are going to survive economically in the future. Now I understand that most people happen to come across. This blog will have no idea what I’m writing about.
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