Druckenmiller Admits AI Wrote His Anti-Bessent Op-Ed

Druckenmiller, 73, was unapologetic. "There's a reason I moved from an English major to being an economics major," he told NOTUS.

Wall Street Journal Editorial Page Editor Paul Gigot called AI a "fact of modern life" in a statement to Mediaite.

On the substance, Druckenmiller's argument was that buybacks are a dodge. The Treasury, he wrote, should "do the only thing that durably lowers long-term yields: address the primary deficit," reforming entitlements "gradually and honestly, through means testing, indexing changes, eligibility adjustments phased in over decades — so that the burden is shared across generations instead of dumped on the youngest."

"A credible fiscal package would do more for the long end of the curve than a buyback program 1,000 times this size," he wrote.

The Treasury's position is that the buybacks improve demand for long-duration bonds, and it pointed to strong participation from market players as justification. Druckenmiller countered that such sponsorship "is the definition of a healthy market" — not a reason to intervene.