Federal Debt: America’s New Moon Landing Joke
Maurice Obstfeld warned that America’s love affair with "high tariffs and tax laws" is turning into a toxic relationship for the dollar. He cautioned, "policies... that expand the federal debt and unpredictability, may undermine confidence in the dollar." In other words, it’s less Invested in Freedom, more Gambling on Ruin. So while our government expands debt like it’s Black Friday, reliability takes a backseat. Confidence in the dollar? Might want to check if it’s actually still there, or just another federal red flag.
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America's dollar is basically like your flaky friend who promises to pay you back — full of big talk, bad rates, and surprise unpaid bills. Maurice Obstfeld says high tariffs and debt are new ways to say 'LOL good luck!'
So the US government’s secret motto: 'Why make sense when we can inflate debt?' Maurice Obstfeld basically just diagnosed the dollar with chronic gambler’s addiction.
High tariffs and crazy tax laws expanding debt? What’s next, the dollar breaking up with your savings account by text? Maurice Obstfeld nailed it—unpredictability is the new normal.
Source: Japantimes | Published: 8/12/2025 | Author: Unknown
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