The Working File

So we’re in a recession, at least, where one of the biggest problems is that people with money won’t lend it. Then the President stiff-arms secured creditors to pay off his union buddies, overturning basic law to do so. Who will lend money now, without seeking potentially high rewards with higher interest rates? Scott Grannis [...]

The Chinese government had an interesting exchange with our President this week about US debt. John Hinderaker summarized it: Of course, what the Chinese are worried about is not that the United States government will default on its bonds. That obviously won’t happen. The Chinese concern, now being expressed openly for the first time, is [...]