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Re: generational accounting/kotlikoff

> If we halved the current interest rate on the national debt
> we could lower current government expenditures by 11% --or approximately
> 150 billion. Then what would happen to the deficit?????

Hmm...  If we halved the interest rate on US government debt, in
isolation, who would buy it?  Wouldn't this imply a vast
monetization of the deficit?  Just thinking aloud.

==========================
Allin Cottrell
Department of Economics
Wake Forest University
cottrell@xxxxxxx
(910) 759-5762
==========================
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