Druckenmiller uses AI-assisted op-ed to criticize Bessent's bond buyback plan

Stanley Druckenmiller used a Wall Street Journal op-ed to criticize Treasury Secretary Scott Bessent's decision to increase long-dated bond buybacks, arguing it amounts to price management rather than liquidity management. Druckenmiller, who once mentored Bessent, employed an AI-assisted essay to make his case, invoking the global macro strategy they developed together under George Soros. The dispute highlights tensions between the White House, Treasury, and bond markets.