The question for investors is not whether the U.S. can pay its debts, but whether it has the political will to do so; as such, a default on debts by the U.S. would differ from that of a developing country without the financial capacity to fulfill its obligations. “It’s really a political game, or political […]
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Still, I think a lot could have gone wrong with the way Democrats messaged around a defense of democracy. When Biden trotted out “ultra MAGA” some months ago, I worried he was more likely to energize the opposition than rally his own troops. But more recently, I heard one of Pennsylvania Governor-elect Josh Shapiro’s final […]
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