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- As Dan Kurz of DK Analytics points out, the federal government would have a difficult time even paying the interest on the debt in a “normalized” interest rate environment. http://bit.ly/2imzvbt http://bit.ly/2k7GtkT
- China, as well as other countries including Russia, desperately want to reduce their dependence on the dollar. http://bit.ly/2y4vbEo
- Discussion forum: The Continuing Relevance of Anthony de Jasay | by Christopher J. Coyne (Sept. 3, 2015)
- A Rush to Judge Gold
- Chris Martenson of http://bit.ly/2qZEIV8 called the current US and global financial system "deeply unfair." http://bit.ly/2pk1Jpt
- Top Economists Are Backing Sen. Bernie Sanders on Establishing a $15 an Hour Minimum Wage
- Securing Better Money Through Currency Competition
- We can expect the same brand of interventionist monetary policy to continue into the future. http://bit.ly/2ztPo6T
- Why Are Republicans So Obsessed With the Gold Standard? - The Atlantic
- I added a video to a @YouTube playlist http://bit.ly/2zaTUXh 🔴 Bitcoin, Gold, and a New Federal Reserve Chair!
Monday, May 9, 2016
What the hell is Trump on?
He just recently threatened to default on the debt so we can pay it back at a discount. Now he says we can't default because we print our own money. Which is it and what the hell is he thinking? This opens a shitload of stupid questions. Like why would we borrow money in the first place? Why would we pay creditors back in the first place? Not our problem if they trusted us with their money. If a weak dollar creates more jobs, shouldn't we go full Wiemar? His scheme makes less sense than minting trillion dollar coins to pay off the debt or scattering a trillion dollars in the ocean to create jobs. This is a good opportunity to win over some "leftists" as you guys like to call them. The guy is an Keynesian nightmare. If your going to have a fiat currency, it has to be built on trust and credibility. Trump essentially wants to break that trust. I know how bad inflation is due to overprinting the dollar, but annihilating trust in the dollar would bring us into the Wiemar Republic.