The 2024 Debt Spiral: How $1 Trillion in Interest Is Breaking the Federal Budget

  by NICK GIAMBRUNO at (International Man)—Contrary to conventional wisdom, higher interest rates mean more inflation in the environment today. That’s because the federal interest expense increases as interest rates rise. As the federal interest expense rises, so does the budget deficit. As the budget deficit increases, so does the currency debasement needed to […]