Striking piece showing just how exposed the U.S. would be in the case of a severe downturn like the GFC or COVID. I guess we just hope and pray we're in better fiscal shape before the next big shock?
https://thenewrecord.substack.com/p/the-raft-of-the-spent-treasury
Posted by sayheykid24
2 Comments
There is no fiscal constraint for the US government, and it does not rely on credit markets to remain operational.
And just for kicks the POTUS is a hand grenade at every opportunity with allies 🫣