More Federal Debt Means More Taxes, Less Growth, And Weaker Real Wages – OpEd
Published
By Daniel Lacalle
Since 1960, Congress has raised the debt ceiling 78 times, according to Bloomberg. The process of increasing the debt limit has become so regular that markets barely worry about it. Furthermore, as the 2011 debt ceiling crisis showed, the impact on asset prices happened mostly in emerging economies. In 2011,...