Republicans (including Trump): Cutting taxes will reduce the deficit.
Modern Monetary Theorists: If you have the world's reserve currency deficits don't matter.
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Democrats: Increasing taxes will reduce the deficit.
Republicans (including Trump): Cutting taxes will reduce the deficit.
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Modern Monetary Theorists: If you have the world’s reserve currency deficits don’t matter.
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Unfort., we’re no longer of the Constitutional Theory to tell ‘economists & $ theorists’ to pound sand (given 90%+ of Fedzilla is extra-C to begin).
“If you have the world’s reserve currency deficits don’t matter.”
Someone I know who is military and somewhat conservative explained to me that Trump and Putin are working in concert to weaken/destroy the Dollar and Euro as the top currencies. This person also said one reason we jumped on Ghaddafi was that he was trying to make a significant African currency area. It would not surprise me if Trump hated bankers since they have stopped pouring money into his lap.