Wednesday, May 31, 2023
Chiswick, West London
The debt ceiling drama is almost behind us. As we expected, there was no default. Congress will vote on the deal tonight.
We took advantage of the brief pan…
The US Government's Slow Default
The U.S. government has borrowed too much and made too many expensive commitments which it now can’t keep. It’s going to default.Not everywhere. Not all at once. But a long, soft, slow default.
