Interest expense is about to pass defense spending 😳🫣

🇧🇷🇺🇸-  Book: Making Things Think: https://holloway.com/mtt. Investor in Wander, Carry, Footprint, Merkle Manufactory (Farcaster), Dynamic, Paragraph.

This graph is highly sensitive to changes in macro policy (e.g. Tbills maturing that are not rolled over following an expansionary monetary policy, interest rate decreases, etc.) so this might look very different in 6 months, but still scary and impressive

Doesn’t this just mean that savings interest is going up? Which means savings could become a meaningful source of inflation — so, not all good, but there’s nuance.