@xvrmdf As Bessent himself stated, heโs Americaโs #1 bond salesman. Market credibility does matter at the margins, and even a few bps can be worth billions in interest payments.
@berniemoreno@SenWarren No, stop it! Invest the trust fund in a market portfolio! Until you do that donโt bother sticking your hand deeper in our pockets.
@neverfadegold@westernexile America is 50ish jurisdictions. Some, like California and New York are hard. Some like Texas, Mississippi and Alabama are easy. Thatโs why thereโs a clear population and GDP growth gradient.
If you want to claim the EU is a light reg paragon go ahead. I wonโt waste my time.
@mean_field_zane Do we need to blame a guy who left office 75 years ago? This is like California Dems blaming Reagan. You have agency. You can fix things now. Donโt wallow in what was done two generations ago. Most voters time and again vote for welfarism.
@neverfadegold@westernexile Is that why itโs taken like 20 years to build a runway? Supply side means supply, it doesnโt (just) mean tax breaks for the financial sector.
Is the UK the easiest place to build? No! The bull case for Brexit was making the UK the free market zone of Europe, but sadly nope.
@Sean_Speer No Sean, it doesnโt mean that. It means people who are economically illiterate are economically illiterate. Whenever the deficit canโt be sustained they will rely on stealth taxation (debt monetization, inflation with targeted subsidy support).
This is left populism 101.
@stefanoscalia I drive a nice car and live in SF. I pay like $249/month with the most sandbagged plan on offer. These guys are leaving out some detailsโฆ
@JJ_McCullough I donโt think it makes sense but Canadians need to be clear that with their cost of labour and aesthetic issues with resource extraction they canโt really export to anyone of scale other than the US or EU.