And so when rates go up, your interest payments go up very quickly. That's going to happen with even out without a crisis. So again, We kept interest rates artificially low, which is the only reason growth was slightly above interest rates. Correct. We kept them low to a great extent. There was demand, there was central bank activities. And this kind of caused this general feeling of oh, maybe deficits don't matter. (06:10–06:16)
CLAIM
Asserts that artificially low interest rates were the reason for growth being slightly above interest rates.
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