By Doug Casey
International Man
May 9, 2025
International Man: In your view, what role does the Treasury market play in global finance, and how significant is it to the current financial system?
Doug Casey: It's only important because it exists-but it shouldn't exist. People think that the Treasury market is part of the cosmic firmament, but there once was a time when the US government had little or no debt outstanding, and the world got by fine without it.