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.
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Greetings gentle readers and welcome to another installment of the Sunday Morning Movie. Today it’s a film about a doctrinal...
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Time is the one resource that no economic model can manufacture, and every serious theory of human action must eventually...
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