When debt grows so much that people don’t believe the Treasury will pay it, they sell their bonds and buy other things, sending prices through the roof.
A High Court in the U.K. is scheduled to hear the case of a Christian doctor who has been banned from providing life-saving treatment for unborn babies. The doctor is asking the court to revoke the order by the medical regulator.
In February 2020, the Trump administration drafted a policy document—stamped “not for public distribution or release” and indeed kept from public view for months—that would guide decision makers at every level of government and every sector of the economy in dealing with a new virus that came to be known by the scientific shorthand “Covid-19.”