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With rising interest rates, at what point will federal interest payments on debt instruments cripple the economic growth of the U.S.?
Dr Basu, Please declutter for us what is this talk about economic hard landing or soft landing, what happens in a real world in both scenarios. Also, always wanted to ask this, Since 2008 we printed and infused insane amount of liquidity through lower rates/QE/QE2 and others programs (printed more&more dollars?) etc but nothing moved inflation needle until we got hit with pandemic in 2020... why and how. Thank you