Why not try anything else before simply greenlighting rich investment managers from essentially bribing government officials to hire them to manage government investments and enrich themselves further? Instead of hiring whomever seems best-qualified, government officials will be strongly incentivized to hire whoever writes them the biggest check at election time.
Unfortunately, many Democratic Socialists have shown themselves to be flawed, unserious people more focused on quixotic cultural and non-economic issues than on the economic concerns weighing on many Americans. And if Democratic Socialists keep it up, the Democratic Party will not win many consequential elections.
With inflation rising, how do Trump and the US resolve the war with Iran and the trouble in the Strait of Hormuz without essentially capitulating to Iran?
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SpaceX is an unprofitable company with no reliable track record. Yet, within weeks, millions of American's retirement money may be shifted into SpaceX stock, which SpaceX has itself valued at an unprecedented $1.75 trillion.
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Inflation is poised to hit at least 4%, and people are feeling extremely pessimistic about their economic future. Trump denies there is a problem while simultaneously blaming the problem on others and taking credit for easing the problem.
