Billionaire hedge-fund founder Stanley Druckenmiller warned on Wednesday that the U.S. government needs to stop spending “like drunken sailors” before the ballooning national debt begins to undermine American competitiveness.
The billionaire hedge-fund manager, known for his work with George Soros as well as a long streak of strong performance at his former hedge-fund, Duquesne Capital Management, said government spending had swelled from 20% of GDP before COVID-19 to 25% today.
“My…
Read the full article here