Tag Archives: debt
Bessent Enters the Meat Grinder
Scott Bessent should have kept his mouth shut. He also should have kept his money in his pocket. The billionaire had a good thing going. He was leading a charmed life managing his hedge fund Key Square Group and preserving historic pink mansions in Charleston with his husband and their kids. But that was before he threw his money and support behind Donald Trump’s election campaign. Continue reading
13 Reckonings for America
One of the noteworthy features of the political climate in the USA is the lack of agreement on what the facts are – and how the economy should be allowed to function. Should it be a hands-off laissez-faire economy? Should there be more regulatory intervention? Continue reading
The Road to America’s Golden Age
Hey! Rub-a-dub-dub. Trump won! Make a toast or say a prayer. It all depends on your political and spiritual preferences. There are times to kiss the bottle. So, too, there are times to kneel in church. Perhaps now is the time for both.
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Dumb Reasons Why More QE Is Coming
Debt, deficits, and debt interest payments have crippled America’s finances in a way that only a government of corrupt clowns could have made possible. Decades of overspending are coming home to roost. We all get to live with the consequences. Continue reading
