A TRILLION DOLLARS. That number may keep Scott Bessent, America’s treasury secretary, up at night. Next year his government’s net interest payments will break the 13-figure mark. The combination of a bulging deficit, now worth 7% of GDP, and the sharp increase in government-bond yields over the past four years makes America’s budgetary mathematics increasingly ugly.
QUESTION: Marty, I know you taught Socrates how to analyze rather than what. I remember you saying it checks every...
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Christopher Waller, governor of the US Federal Reserve, speaks during the C. Peter McColough Series on International Economics at the...
In philosophy and theology, there is an issue called “theodicy” or the problem of evil. The problem of evil has...
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