“For years, we lived in a world where there was basically zero risk premium on U.S. debt,” Jared Bernstein, the former head of Joe Biden’s Council of Economic Advisers, told me.
“In four short months, Team Trump has squandered that advantage.”
“For years, we lived in a world where there was basically zero risk premium on U.S. debt,” Jared Bernstein, the former head of Joe Biden’s Council of Economic Advisers, told me.
“In four short months, Team Trump has squandered that advantage.”
I didn’t mean to imply that I think what I’m suggesting is possible in the current system. I should have made that more clear. That’s my fault. I understand that what I’m talking about would require significant systemic changes. To you, that might essentially make it impossible, but I don’t think that’s necessarily true. People made the existing system, there’s no reason why people couldn’t make a different system.