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Allison Schrager: Biden Has to Learn the Same Lesson as SVB
The US government has been borrowing and spending as if interest rates would be low forever. Now the Piper wants a word. In hindsight, it was obvious it wouldn't last. Low interest rates — the result of shifts in the global economy, economic stability, low inflation and monetary policy — couldn't stay at zero forever. But many people behaved
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Posted: March 28, 2023 Tuesday 06:31 AM