” I think we should take our medicine and let rates find their own level, but it will be bitter medicine indeed. It will send the economy into a tail-spin and virtually guarantee that Trump will be a one term president. Then, in time, things will get better.”
There is another alternative. IF (and this is only possible under Trump) our government begins to spend less than comes in to the Treasury in taxes and interest rates are higher we can buy back some of our outstanding debt at a discount. Retiring old debt at a discount combined with no new additional debt is a game changer.
Spend less than we take in - what a concept!
From your lips to God’s ears. More likely, because more politically palatable, is inflating a lot of the debt away.