Clifton Says Defense Is the New Quantitative Easing

The transcript discusses the start of September and the significant fiscal challenges facing Washington, including potential government shutdowns and debt ceiling issues. It highlights the impact of current events like North Korea and floods on these challenges. The discussion suggests that these issues may lead to increased defense spending, drawing parallels to historical figures and past defense budgets. The geopolitical landscape, with threats from countries like Iran and North Korea, is compared to the Cold War era, indicating a need for substantial investment in defense and potential military responses.

Discuss the potential increase in defense spending over the next decade.

What role do key advisors play in shaping the U.S. response to North Korea?