The giant sucking sound of a debt spiral

[Free Vulcan]

From Scotland, where Adam Smith pioneered systematic thinking about economics, comes an adjective, “carnaptious,” that fits people who are allergic to economic euphoria. It means cantankerous. Let’s think carnaptiously about this fact: The interest rate on 10-year Treasury bonds recently rose briefly to 3 percent, and soon may move above this. This is more than evidence of the economy’s strength. It also is a harbinger of a coming day when the great driver of the national debt will be . . . the national debt. Pour a Scotch and read on.

Read more at: https://www.washingtonpost.com/opinions/the-giant-sucking-sound-of-a-debt-spiral/2018/05/04/ef386c18-4f06-11e8-84a0-458a1aa9ac0a_story.html

[LMAO]

As long as we have the Federal Reserve printing press, why worry

[Sanguine]

As long as we have the Federal Reserve printing press, why worry

Yep, we've got lots of blank checks left, so no worry.   

[IsailedawayfromFR]

I don't read George Will anymore since he proved himself an idiot.