June 23, 2021

Biden Can Reshape Economy, Fight Climate Change, Bash Wall Street Boogeymen

  • Joe Biden plans to pay for his climate, infrastructure and jobs bill with higher taxes instead of deficit spending
  • Democratic politicians have been scared off from ambitious deficit spending to avoid spiking interest rates imposed by so-called “bond vigilantes.”
  • But investors demand safe assets like federal debt, so rates are extremely low, and the Federal Reserve can keep them low.
  • Alex Yablon is a Brooklyn-based journalist and Contributing Opinion Writer.
  • This is an opinion column. The thoughts expressed are those of the author.
  • See more stories on Insider’s business page.

With a multi-trillion dollar relief package and an…

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