David_N
DP Veteran
- Joined
- Sep 26, 2015
- Messages
- 6,562
- Reaction score
- 2,769
- Location
- The United States
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- Political Leaning
- Liberal
Trump: U.S. will never default 'because you print the money' - CNNPolitics.comDonald Trump declared Monday the U.S. never has to default on debt "because you print the money," while clarifying his strategy for managing the national debt.
Trump insisted that he never said the U.S. should default or attempt to renegotiate with creditors, as had been reported.
"People said I want to go and buy debt and default on debt, and I mean, these people are crazy. This is the United States government," Trump told CNN's Chris Cuomo on "New Day." "First of all, you never have to default because you print the money, I hate to tell you, OK?"
Alan Greenspan, Former Chairman of the Federal Reserve: "Very much so. This is not an issue of credit rating, the United States can pay any debt it has because we can always print money to do that. So, there is zero probability of default."
Trump is correct!This will lead to some very interesting discussion.
Trump: U.S. will never default 'because you print the money' - CNNPolitics.com
Maybe Trump listened to Greenspan?
Greenspan: US "Can Pay Any Debt It Has Because We Can Always Print Money" | RealClearPolitics
(Trump is still an idiot, but the fact he has said this is a huge deal.)
So now Trump espouses liberal economic policy. So your choice in November is a candidate who is pro-choice, interventionist and espouses liberal econmics, or Hillary Clinton.
His statement isn't really liberal policy, it's simply a truism.
Trump is correct!This will lead to some very interesting discussion.
Trump: U.S. will never default 'because you print the money' - CNNPolitics.com
Maybe Trump listened to Greenspan?
Greenspan: US "Can Pay Any Debt It Has Because We Can Always Print Money" | RealClearPolitics
(Trump is still an idiot, but the fact he has said this is a huge deal.)
It is certainly, what he always told his company's bankers.
His statement isn't really liberal policy, it's simply a truism.
Economics is a collection of opinions. It is neither true nor false. His statement is that shared by liberal economists, not conservative ones. Opinions are opinions.
Trump is a blithering idiot, who probably stumbled across a true aspect of monetary policy by sheer chance.
Just the other day, he was saying the debt isn't a problem, because we could repurchase our existing debt at a discount. That only works if people are already terrified that you aren't going to pay. Even then, things have to be beyond desperate in order for creditors to take a big discount.
Ultimately, all he's proving is:
• He's utterly clueless
• He is unfit for the office of President
• His followers don't give a crap about anything except his nativism and his attitude
His company didn't have a "Printing press."
IT is true that in one's own currency over-borrowing takes a different path that does at least as much and probably more damage. We are lucky in this respect that the Chinese and EU are in such poor circumstances right now.
Economics is a collection of opinions. It is neither true nor false. His statement is that shared by liberal economists, not conservative ones. Opinions are opinions.
Trump is a blithering idiot, who probably stumbled across a true aspect of monetary policy by sheer chance.
Just the other day, he was saying the debt isn't a problem, because we could repurchase our existing debt at a discount. That only works if people are already terrified that you aren't going to pay. Even then, things have to be beyond desperate in order for creditors to take a big discount.
Ultimately, all he's proving is:
• He's utterly clueless
• He is unfit for the office of President
• His followers don't give a crap about anything except his nativism and his attitude
So now Trump espouses liberal economic policy. So your choice in November is a candidate who is pro-choice, interventionist and espouses liberal econmics, or Hillary Clinton.
Yeah, we see how well that worked out for Zimbabwe...
His statement isn't really liberal policy, it's simply a truism.
Trump is correct!This will lead to some very interesting discussion.
Trump: U.S. will never default 'because you print the money' - CNNPolitics.com
Maybe Trump listened to Greenspan?
Greenspan: US "Can Pay Any Debt It Has Because We Can Always Print Money" | RealClearPolitics
(Trump is still an idiot, but the fact he has said this is a huge deal.)
The idea that there are such things as 'truisms' in economics, is liberal policy.
This isn't economics, this is policy. The government has the ability to print money, that isn't and shouldn't be arguable.
The idea that there are such things as 'truisms' in economics, is liberal policy.
The idea that there are such things as 'truisms' in economics, is liberal policy.
This isn't economics, this is policy. The government has the ability to print money, that isn't and shouldn't be arguable.
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