July 5 (Bloomberg) -- There is only one real law of
economics: the law of supply and demand. If the quantity
supplied goes up, the price goes down.
Back in the third quarter of 2008, the public held about
$5.3 trillion of U.S. Treasury bills, notes and bonds. As the
recession hit, tax revenue plummeted, and government spending
rose, that total reached $9.4 trillion by mid-2011.