“In fact, interest rates on bonds have to outpace expected inflation for anyone to want to buy them.”
This article would be better if the author understood what he is talking about. Only a small part of the debt these days are bonds owned by others. Almost the new debt is the government lending itself money.
the government lending itself money
_____________________________________________________
The amazing inflation creation machine is brought to you by:
The Fed and The Treasury
Yes you’re spot on.
Modern Monetery Theory