President Trump on Thursday announced that he will use Government-Sponsored Enterprises (GSEs) Fannie Mae and Freddie Mac to buy up mortgage-backed securities (MBSs), essentially creating a new kind of quantitative easing designed to artificially increase liquidity for mortgages in the United States. 

Rising yields (highest since 1999) could force Japan to sell US Treasurys to service its own debt. This would then fuel higher interest rates for US debt as well. 

“They are part of a group from several allied countries. Together, they will prepare for upcoming elements within the framework of the Danish exercise Operation Arctic Endurance.”

Fannie Mae and Freddie Mac (also known as “GSEs”) have released their November reports on their mortgage portfolios and mortgage delinquencies. Both Fannie and Freddie report that serious delinquencies in multifamily are rising to multiyear highs.

It did not take long for President Trump to change the reason for sending the US military to “arrest” Venezuela President Nicolás Maduro and his wife. The allegation that President Maduro ran a drug cartel was front and center in the months leading up to President Maduro’s “arrest.” Afterwards, President Trump said the invasion was about Venezuela’s oil and announced plans for the US government to send American oil companies into Venezuela.

The modern American health insurance system didn’t emerge because someone designed it thoughtfully, and it shows. It evolved from a series of political, economic, and cultural accidents beginning largely around the period of World War II. As with many political redistribution schemes, once underway, the system has snowballed into the unsustainable trajectory we see today.

My goal in writing this article is to explain how we got here, describe the present situation from the physician’s vantage point, and outline what must change to restore sanity to American healthcare.

About two thousand and three hundred years ago, while walking on the peripatos of the idyllic Lyceum, Aristotle noticed something very interesting. He saw that the interest being paid on lending from the fortunate to the miserable for the fulfilment of their personal needs is unfair, and that the wages paid to slaves are too low. All too obvious, there was no market mechanism.