MMT comes home to roost

UK recovery windfall at risk from £50bn jump in debt payments
Rising inflation means Britain must pay much more to service national debt pile, dashing benefits of faster recovery

Or the QE version of it that is.

If we just borrow lots of money then rising inflation and interest rates make it cost more. And if we just print the money then we get the more inflation which leads to higher interest rates….

Once again reality and that distressing lack of free lunches.

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