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To: Zhang Fei

That’ll happen whenever the music stops in terms of financing our govt with tbills bought by the Chinese, but not before


74 posted on 01/10/2021 7:15:48 PM PST by socalgop ( )
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To: socalgop

[That’ll happen whenever the music stops in terms of financing our govt with tbills bought by the Chinese, but not before]


You’re assuming that borrowing is the only way to finance a deficit. It isn’t. We don’t even have to run deficits. Paper is cheap. People say the Feddle government has been printing money. It hasn’t. When it prints money, we’ll know. That’s when it will cost $35m to buy a loaf of bread.

https://www.cnn.com/2008/WORLD/africa/12/06/zimbabwe.currency/index.html


75 posted on 01/10/2021 7:38:58 PM PST by Zhang Fei (My dad had a Delta 88. That was a car. It was like driving your living room.)
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