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Spiraling Federal Debt: It's Likely to Get Worse

for the price index (or anything else for that matter) to double in 10 years, the compound annual growth would be 7.17% (rounded). while high, this is considerably lower than 10% per year. then again, john taylor's assumptions to re-equilibrate the debt to gdp ratio assumes numerous other assumptions that give a huge margin of error to any estimate. let's hope that his assumptions are not too generous and that inflation doesn't skyrocket much more than 7% per year.