Category Archives: Government Debt

Ghosts of the Plaza Accord

Posted on January 30, 2026 by MN Gordon

Imagine you found a magical bank that lets you borrow money at 0 percent interest. Naturally, you’d take that free money and put it into a high-yield savings account or the stock market to pocket the difference, right? Continue reading →

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Be Careful What You Wish For

Posted on June 27, 2025 by MN Gordon

If foreign investors reduce their holdings of U.S. Treasuries, then who will pick up the slack? If foreign central banks are not buying Treasuries, how will the government finance its debt? Continue reading →

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The DogeFather in Exile

Posted on June 6, 2025 by MN Gordon

We wanted Elon Musk to succeed. We were pulling for his full triumph. He’s blasted countless satellites into orbit. He put EVs on the road. He saved free speech on social media. If anyone could cut $2 trillion in annual waste, he’s the guy. Continue reading →

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Going Full OBBBA

Posted on May 30, 2025 by MN Gordon

Congressional members, like their special interests and constituents, all want to get theirs while they can. They each operate with the expectation that their spirit will leave their body before the ultimate reckoning. For America’s aging fogies, going full OBBBA is working to perfection. Continue reading →

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