“To finance deficits, the government must sell bonds to investors, competing for capital that could otherwise be used to invest in stocks or corporate bonds. Government borrowings raise long-term interest rates, stifling economic growth.”

American writer and former New York Times reporter

Alex Norman Berenson is an American writer and former reporter for The New York Times. He is known for his thriller novels and for his book on corporate financial filings. His 2019 book, Tell Your Children: The Truth About Marijuana, Mental Illness and Violence, drew sharp criticism and provoked controversy. The response from many in the scientific and medical communities was strongly negative, and that debate remains a defining part of his public profile.