The US Treasury’s Bond Blunder Will Cost Gen Z Dearly
https://www.project-syndicate.org/commentary/superlong-bonds-could-have-helped-us-treasury-debt-burden-and-interest-payments-by-todd-g-buchholz-and-james-carter-2-2024-04
Rather than issuing 50- or 100-year bonds when interest rates were at rock-bottom, the US Treasury dismissed this option and simply continued to borrow on a short-term basis. Now that US interest payments are ballooning, the scale of this blunder has become apparent, as have the implications for future generations.
https://www.project-syndicate.org/commentary/superlong-bonds-could-have-helped-us-treasury-debt-burden-and-interest-payments-by-todd-g-buchholz-and-james-carter-2-2024-04
Rather than issuing 50- or 100-year bonds when interest rates were at rock-bottom, the US Treasury dismissed this option and simply continued to borrow on a short-term basis. Now that US interest payments are ballooning, the scale of this blunder has become apparent, as have the implications for future generations.