We have seen outsize investor focus on inflation and the Federal Reserve’s response to it. But while monetary policy gets most of the headlines, the much bigger long-term economic threat is our rapidly growing federal debt. The deficit is around $2 trillion out of a $7 trillion federal budget (about 30% of spending!), which must […]
We have seen outsize investor focus on inflation and the Federal Reserve’s response to it. But while monetary policy gets most of the headlines, the much bigger long-term economic threat is our rapidly growing federal debt. The deficit is around $2 trillion out of a $7 trillion federal budget (about 30% of spending!), which must […]
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