Unfortunately, spending is up 7.6% to $2.57 trillion. The largest increase is debt service, up 13.6% from last year. This is in a low interest rate environment. The Fed is trapped in maintaining low interest rates. Danielle DiMartino: “Fed controlled rates theoretically set floor. Investors ultimately determine rate at which governments borrow. Artificially low floor drags down curve unless Fed loses control.”
Recent
The GAO has published another rather garbled report trying to make nice on the awful performance and outrageous spending that is our favorite airborne punching bag, Fat Amy. From the report, this will ensure you are far more confident in nonsensical disaster plan...
Good story telling allows for us to experience the many human emotions that we understand, and know intimately. Despite its more recent incarnations, Star Trek told stories rich in life. An exploration for philosophy and humanity, challenged through narratives and...
Karl Dahl joined me. This is not an exhaustive discussion on the parallels, but it is full of meat to chew on.
