Richard Ebeling
ponders the alternatives, taxpayers or foreign lenders?
- EU nations are facing growing budget deficits of their own
- falling oil prices has cut down on trade surpluses of oil exporting countries
- China is becoming increasing wary of lending to the US.
"That leaves only one “solution” to Washington’s deficit funding problems: more monetary expansion by the Federal Reserve to provide the spending dollars and keep interests artificially below market-based levels. That can only set the stage for worsening price inflation and a new unsustainable investment boom."
