The Prehn Institute·Oct 23The Creditor’s Loss, the Debtor’s GainInflation as a redistribution mechanism across three American debt episodes
The Prehn Institute·Oct 22The Tax Nobody Sends You a Bill ForHow inflation erodes sovereign debt without appearing on a tax return
Brandy·Sep 14The Legal Ponzi SchemeIf a private company paid yesterday’s debts with tomorrow’s borrowing, we would ask how long it could continue. When governments do it, we…
James Picerno·Aug 20US Treasury Tries to Slow Surging Yields with a Band‑Aid FixThe Treasury tried to put a lid on rising yields this week, doubling the size of its bond‑buyback program in a bid to steady the market…
James Picerno·Aug 18Treasury Yields Spike as Fiscal Drift and Global Risks Pile UpThe US 30‑year Treasury yield rose sharply on Monday, breaking higher after spending the first half of August in a tight range. The move…
