Key leaders and the central bank raise alarms more frequently RisingInflation can cause doubt spirals around the globe. Janet Yellen is the United States Treasury Secretary. So calledTo ask Congress to increase or suspend the U.S. credit ceiling. This would mean that by October, the government will be out of money.

The current headlines in global financial media seem to make this sound like an ominous horror story. Yellen stated that the overwhelming consensus among economists and Treasury officials of both parties is that failing to raise the debt limit would produce widespread economic catastrophe, “potentially precipitating historical financial crises, stock sell-off and recession, creating severe market volatility.”