Fiscal authorities should resist the temptation to increase government expenditures continually in order to compensate for shortfalls of private consumption and investment. A strict economic diet of fiscal austerity has greater appeal, a kind of penance owed for the excesses of the past. But root-canal economics also does not constitute optimal economic policy.  The U.S. would be better off with a third way: pro-growth economic policy. The U.S. and world economies urgently need stronger growth,

Take the “over” on how long it will take to reshore, and how inflationary it will be.  We keep hearing policymakers and investors say “We just need to go to a ‘wartime footing’ like we did in 1940”, but “We do not think that phrase means what they think it means.”  -FFTT, 11/11/25 edition of FFTT The 2025 National Security Strategy (NSS) report was a Rorschach test of sorts…the NSS was another fairy tale wish list

“Saylor’s Strategy sells BTC for first time since 2022” (Page 29)

World Bank President Robert Zoellick, a former US Treasury official, calls for a system that “is likely to need to involve the dollar, the euro, the yen, the pound and a renminbi that moves towards internationalization and then an open capital account.”  He adds: “The system should also consider employing gold as an international reference point of market expectations about inflation, deflation and future currency values.”      – Financial Times, 11/7/10 The gold market and