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Bessent’s Bond Buyback Sparks Debate | Durham News
Treasury Secretary Scott Bessent’s bold move to double bond buybacks amid soaring yields has sparked controversy, with critics like Stanley Druckenmiller calling it a dangerous distraction — essentially “paying your mortgage with your credit card.” While yields briefly dipped after the announcement, they quickly rebounded, leaving long-term rates stubbornly high. With the national debt at $40 trillion and growing, Druckenmiller argues the tactic masks fiscal reality, enabling politicians to defer tough choices. His op-ed, flagged by AI detectors and later confirmed as AI-assisted, reignited…
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