4min chapter

GoodFellows: Conversations from the Hoover Institution cover image

Super Bowl, Shmooper Bowl with Victor Davis Hanson | GoodFellows: John Cochrane, Niall Ferguson, H. R. McMaster | Hoover Institution

GoodFellows: Conversations from the Hoover Institution

CHAPTER

The Trillion Dollar Coin Is a Silly Idea

The debt limit is a useful device it's our only remaining budget control system. National security is easier to squeeze than entitlements and that's why we're heading into a position rather like Britain where commitments around the world are no longer affordable. The state of the union will be will be a kind of charade in which a whole bunch of empty rhetoric will be deployed, he says.

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