Donald Trump, the former U.S. president who’s running in this year’s White House race on the Republican ticket, has surprised many with his embrace of bitcoin and crypto this year. Trump’s support of bitcoin—a complete flip from 2019 when he railed against crypto—comes after he made millions from a series of crypto-based digital trading card collections […]
When President Joe Biden delivered his 2023 State of the Union address, Washington was drowning in a sea of red ink. The annual budget deficit was in the process of doubling from $1 trillion to $2 trillion in a single year due to some student-debt cancellation shenanigans. That year’s budget deficit would become the largest […]
At a Bitcoin conference last weekend, Senator Cynthia Lummis (R-Wyo.) announced forthcoming legislation that would direct the Treasury to buy 1 million Bitcoin, or roughly 5% of the global stock, over five years (which would cost between $60 billion and $70 billion at today’s prices). Lummis claimed that the federal government would be “debt-free because of Bitcoin” […]
Former President Donald Trump recently proposed using Bitcoin or a “crypto check” to pay off the United States government’s staggering $35 trillion national debt and avert a looming debt crisis. In an interview with Maria Bartiromo of Fox News, the Republican Party’s 2024 presidential election nominee praised the crypto industry and reiterated his stance that […]
The white noise of American politics is the gurgling river of rhetoric from two presidential candidates who seem determined to say nothing germane about the nation’s domestic misgovernance and deteriorating security. The candidates are wagering that there are no serious consequences of prolonged unseriousness. Last Monday, the national debt “unexpectedly” surged past $35 trillion. Neither candidate seemed to notice. But, […]
