Sacrificing long-term US economic health for short-term political gain.
Human dreams of predicting the future have a special playground in forecasts of market prices. Whether the market is tulips, pork bellies, stocks, real estate, or cryptocurrency, the urge to know the future direction of the economy is as ancient as bartering. A question facing Americans in 2024 is whether that desire to influence the economic tea leaves has become corrupted by partisan politics, as alleged in a recent white paper that suggests the Biden Treasury Department may be seeding future inflation by manipulating markets and the economy to improve election prospects in November.
The Costs of Massive Spending
Massive spending by the Biden administration for COVID-19 and renewable energy subsidies ballooned the US deficit and debt service costs, but…
