In a followup to judging how to measure the success of a second Trump term, Porter says the very best real-world measure of wealth is production of this energy source. Tell me per-capita production of this energy source, and I’ll tell you how rich a country is and how well its economy functions.
You can believe the numbers. Or you can believe the liars on TV, Porter writes today. Either way, the math wins in the end, as the U.S. piles on the debt so high it will soon be unable even to pay the interest on it all.
The bottom line is that all government spending will ultimately be paid for either through direct taxation, or more likely, through this “secret tax” we write about today. But, of course, it will be ordinary people who foot the bill either way.