Forbes/Andrew Tisch/2-15-2022
“In the Wizarding World of Washington, you can now say a multitrillion dollar federal spending bill ‘costs zero dollars.’ You can claim tax cuts ‘pay for themselves.’ You can even say the government doesn’t need tax dollars to fund anything at all because it can just ‘create money.’”
USAGOLD note: Tisch offers reforms to stem the rising tide of federal red ink but Washington will remain blissfully in denial. At the corner of Wall Street and Main, though, it is a different story. There, the curse of Washington’s wizardry in the form of higher taxes, inflation, and diminished wealth is inescapable. The need for a hedge has never been more apparent.
