Jerome Powell tells Congress: “Good luck with that debt problem…”
George Washington handed Alexander Hamilton an impossible task in September 1789. America owed about $75 million in debt from the Revolutionary War. Individual states had already…
Written byJames HickmanSource: Schiff Sovereign
George Washington handed Alexander Hamilton an impossible task in September 1789. America owed about $75 million in debt from the Revolutionary War. Individual states had already defaulted. Foreign creditors considered the new country a total joke. And domestic bondholders at home were selling their worthless government IOUs for pennies on the dollar. So, Hamilton came […]