Scott Bessent is 'playing with fire' as Treasury debt buyback scheme risks dollar devaluation spiral - Fortune
Scott Bessent is 'playing with fire' as Treasury debt buyback scheme risks dollar devaluation spiral - Fortune
Source: Fortune
―
DW NOTE
Bessent's debt buyback plan amounts to the Treasury purchasing its own securities with borrowed money — creating liquidity without resolving the $1.9 trillion deficit that made the debt unsustainable in the first place. It's monetary debasement with extra steps, and markets know it.