What We Can and Cannot Print
by Larry Chiang on January 30, 2025
“Over 60% increase in Medicaid over the past 4 yrs is the biggest budget line now, & it is increasing faster than any other.”
60% in 4 yrs = 12.5% CAGR, owed in a “hard currency” we cannot print (hips, knees, Rx). This is functionally similar to Weimar post-WW1 gold reparations
https://www.YouTube.com/watch?v=ejeIz4EhoJ0