Trump: “Just print more money”
- Thread starter Marine03
- Start date
Actually, "printing money" can be a very powerful tool in deleveraging debt in certain scenarios.
I would suggest reading the new book: A Template for Understanding Big Debt Crises by Ray Dalio
Much more informative than UPROXX via Vanity Fair magazine.
I would suggest reading the new book: A Template for Understanding Big Debt Crises by Ray Dalio
Much more informative than UPROXX via Vanity Fair magazine.
Jesus shut the fvck up liar herd. You are the biggest know it all in this board. You are a real piece of work.
Go ahead. Read the book. Get back to us.
Here. I'll even link you to it. Its free so morons like you have no excuse not to read it.
https://www.principles.com/big-debt-crises/
Same article from a conservative source. Since you want to twist things.
https://finance.yahoo.com/news/trump-wanted-higher-taxes-rich-212010931.html
THE source debunking Marine's attempt at an (uneducated) opinion:
https://www.principles.com/big-debt-crises/
(Psssst. Printing money is not always inflationary.)
so we know this to be true because some guy said it. Show me a video of it and I will believe he said it.
Is this a book on debt crisis such as that which caused the 2008 crisis? Or on, you know, paying off the national debt? It appears to be the former. And those are very different subjects.
Frankly, there is nothing wrong if he did inquire about such an action. First, it debunks the Dems narrative that Trump doesn't consult his team for ideas for taking on challenges. Two: Printing money IS a tool in deleveraging debt when necessary.
I'm going with liarherdfan on this one. He had lunch with the chairman of the Federal Reserve today, and they discussed this topic.
Hey liar herd fan. Telling someone “just run the presses and print cash” is not consulting with his team. You really are a piece of work.
It covers everything related to debt & debt cycles....boom to bust. It explains the policy levers for policymakers during all cycles....good or bad. Its an incredible book for understanding how (national) debt works.
I also question the whole premise of Woodward's story about this "meeting". "Paying off the debt" is something Trump has never done in his own businesses. Why? Because it would have prevented his businesses growth and wealth to $4B. Same for the country's economy. "Paying off the debt" would bring the economy to it's knees. What does Trump have experience with? "Deleveraging and refinancing debt". Which is why, IMO, the context of this meeting is being misrepresented (so the never trumpers get aroused.) if it ever happened at all.
yep he didn't say did he? Just keep repeating whatever you hear even if it isn't true.
All while your team runs on "fiscal responsibility". Which is bullshit, the same as the other team.
I have no illusion that the national debt can easily and quickly be paid off. I also have no illusion that Trump was savvy to default on his debts (yes, he certainly has) and thus it is a good idea for our government.
On this issue we agree. I really don't think either party is serious about the debt. I am no expert by any means but it seems to me that there must be a tipping point where we are screwed with the total amount of debt
I’ll take the guy’s “opinion”, who started his business out of an apartment, who is now worth $14b, (who also happens to be a liberal democrat) over yours.
https://www.principles.com/big-debt-crises/
I’m not suggesting there isn’t a tipping point of economic peril if not managed correctly. Just pointing out that there are multiple ways in which the debt can be and is continually handled (despite Marine’s poor understanding).
