Financial Health
April 1, 2021

The long-term consequences of U.S. deficit spending

April 1, 2021: “We don’t think that the deficit will so much be inflationary as it will probably slow economic growth into the years ahead as the government will have to raise taxes in order to service and pay off that debt.” Paul Christopher, head of Global Market Strategy for Wells Fargo Investment Institute, discusses factors that have kept inflation down as the U.S. deficit has risen over the last 12 months, and what to expect over the long term.