As rates go higher the total debt becomes more difficult to pay off. Too many believe economic inputs are static and not dynamic. NY Fed's Dudley showed his role as a shill for Goldman when he recently tried to call for continued accommodation. A weaker economy will lead to a short term easing of rates but weakness will lead to bigger deficits and ballooning nterest payments. Either way, rates will eventually become double digits as stagflation turns into an inflationary depression. This will be a repeat of Weimar Germany. There is no way out!