Higher interest rates would increase the cost of government debt, but this need not lead to higher tax rates or lower public spending if faster growth in nominal GDP automatically lifted the tax take.

• 更高的利率将增加政府债务的成本，但是如果正常gdp的更快增长引发课税提取的自动提升，那么这就致使税率更高或公众消费更低不会发生。