14min chapter

Thoughtful Money with Adam Taggart cover image

The Fed Has Ruined The Free Market | Thomas Hoenig, Former Fed Exec

Thoughtful Money with Adam Taggart

CHAPTER

Challenges of Fiscal Responsibility

This chapter explores the implications of a new presidential administration's focus on reducing government spending, particularly in relation to entitlements, defense, and national debt. It discusses the skepticism surrounding significant deficit reduction and the political constraints that complicate efforts for a balanced fiscal strategy. The chapter emphasizes the need for public willingness to embrace shared sacrifices to ensure a sustainable economic future amidst rising deficits and debt.

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