Collateralizing US government debt (via a sovereign wealth fund) doesn't actually solve the underlying problem if economic growth is insufficient, because if the US cannot grow fast enough to outpace debt growth, it eventually has to hand back the collateral (gold, land, etc.), which voters would resist.

causalpending

Speaker

Tracy Aloway

Evidence Quote

It's still a big bet on economic growth though, right? Because the US has to grow enough to pay off what it owes

Source

Jim Millstein on the Massive Risks of Any 'Mar-a-Lago Accord' | Odd LotsBloomberg Podcasts
Created: 8/11/2026, 7:46:27 AM

My Notes

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