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If you want a wild read to get more background on today’s episode this 17 page essay by the Treasury Secretary is screaming the quiet part out loud. I can’t believe a sitting Treasury Secretary wrote this.

https://www.international-economy.com/TIE_Sp25_Bessent.pdf

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Discussion

jimbocoin 🃏 3mo ago

Nothing to see here. Partisan political performance. Same vibe as the “vote harder” crowd.

The behavior of the Fed post 2008 is just the natural and predicable consequence of the creature from Jeckyll island Griffin warned us about decades ago.