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The argument for deficits & debt raising interest rates in the US is not increased credit risk, it is that interest rates are a function of economic fundamentals, flows & policy. Deficits/debt change those.

I can't tell if I'm agreeing or disagreeing with @jc_econ.


Increasing government spending or reducing taxes increases demand (or reduces saving). This raises the price of loanable funds or the interest rate.

In a dynamic context, more demand means a stronger economy, the central bank raises interest rates sooner, and long rates rise.

(As an aside, we are not close to the United States needing to worry about credit risk and the risks are more overstated than understated in most other advanced economies too. But credit risk is not always & everywhere irrelevant, just look at the UK in 1976 or Canada in 1994.)

Interest rates have fallen over the last 20 yrs while debt has risen. This does not necessarily mean that debt rising causes interest rates to fall. It could also mean that other things have happened at he same time that pushed down interest rates more than debt pushed them up.

The suspects for these "other things" include slower productivity growth, slower popln growth, higher inequality, less investment, etc. All of which either increase the supply of saving or reduce the demand for investment, reducing the equilibrium interest rate.
To those who want to actually help Claudia Conway after her mom (Kellyanne Conway, Trump’s former aide) posted her underage daughter’s nudes to Fleets, fill out a report on the NCMEC CyberTipline.
CPS refused to help her.
#HelpClaudia


Kellyanne Conway has a well-documented history of verbally abusing, gaslighting, and threatening her daughter. It gets worse when highly public things go viral (such as exposing the truth about Trump and Conway catching COVID-19 last October). Kellyanne coerces false statements.

Insider did a thorough chronological background of the history of exposing her parents abuse and control of her here:
https://t.co/ncjaEyLOSC

We all know that “statement” last year was coerced. She talks constantly about being abused by them.


Personally? I suspect Kellyanne is a narcissist. From my own experience being sexually and emotionally abused by a narcissist, they are obsessed with controlling the narrative (coerced typed statement), discrediting their victim (posting her nudes) & gaslighting

If you haven’t experienced gaslighting or aren’t familiar with it, it’s when someone causing you harm (physical, emotional, sexual, financial, etc) twists the facts and asserts that reality is just you being delusional and you don’t actually understand what happened.
Many are upset at the bus attacks & Red Fort events during #FarmersProtest.
But have you paused to think what has brought about this situation? While magnifying impulsive actions by some protesters, do you miss to see State's systematic violence and erosion of rule of law?


If you are a believer in Constitution and legitimate processes, then the manner in which the Centre pushed the #FarmLaws & handled the #FarmersProstests should leave you distressed.

First, Centre brings these laws as Ordinances on subjects which are apparently in state list, through a colorable use of concurrent list. Principle of federalism negated, at least in spirit, if not in letter.

Then, bills are passed in Parliament without effective discussions.

No one can say for sure if the bills were actually passed in vote in Rajya Sabha. The whole process was brazenly dubious. The live telecast was stopped amid protests. Really shameful events.

So, lawful processes to address dissent undermined.
#FarmersProtest
#FarmLaws

Then some farm groups approach the Supreme Court raising some pertinent questions on constitutionality. Instead of considering legality, court ventures into political thicket by attempting mediation, that too with a hand-picked committee having only members supporting #FarmLaws .