Thanks. I often read his articles as they are quite insightful - even for people that are not crypto enthusiast. He focused on debt creation and fiat growth in his previous article as well. I'm definitely buying the dip.

Politicians will always favor borrowing from the future to get re-elected in the present, because when the bill comes due, they won’t be in office.

Totally agree there. And also think that there is nothing to gain by not doing exactly this.

The worry is that no one will participate in the treasury market because they cannot obtain cheap leverage.

It's really just a musical chairs game. Once the music stops, we get to see all the defaults. Musician seems to be long winded though.