Hank Paulson, former CEO of Goldman Sachs, and US Treasury Secretary during the 2008 Financial Crisis, is a serious fellow. So, when Mr. Paulson shows up in Washington DC and tells people that the US Treasury needs an emergency "break the glass" plan if market demand for US Treasury bonds collapses, maybe you should take it seriously. Read More ›
The 2020 period, in which central banks around the world engaged in unprecedented monetary expansion, showed their increasing willingness to essentially “run the printing presses” whenever things got tough. Unfortunately, along the way, they also showed Congress (and other governments worldwide) that no real discipline is needed, because every problem can ultimately be solved with the central bank printing press. Read More ›
