“India has just been marching forward and the US is clinging to the top spot but just by a hair. A lot of countries that are also very good for innovators are the UK, Singapore, Switzerland, Canada and a lot of the countries in Northern Europe. But countries like India and some of the countries in Latin America are marching up. It is a race to see which country is the freest and that will be where most of the great innovators come from.”
How Bessent, America’s bond salesman, cornered Japan on big spending
In a significant dialogue, US Treasury Secretary Bessent encouraged Japan to implement reforms in its fiscal and monetary policies. Aiming to stabilize the yen and