“As interest costs go up in the United States, you get in this vicious circle, where higher interest rates cause higher funding costs, cause higher debt issuance, which cause further bond liquidation, which cause higher rates, which puts us in an untenable fiscal position.” -- Paul Tudor Jones, October 10, 2023

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Woke activists today often like to hearken back to nostalgic media from the 1960s; what they consider the golden era or genesis moment of far-left movements in British and US history.  These were the days when being a progressive was consider