Donald Trump believes he is a financial genius, which is a problem

From: http://www.businessinsider.com/donald-trump-national-debt-money-print-2016-5

The scariest thing about Donald Trump isn’t what he doesn’t know. It’s what he doesn’t know he doesn’t know.

“I’m the king of debt,” he said Monday. “I understand debt probably better than anybody.”

He said this as part of his recent musings about the American public debt. In those musings, he talked up the benefits of restructuring, in which creditors are paid less than 100 cents on the dollar, and then said it’s “crazy” to think he would try to get Treasury bondholders to take payment haircuts, and then floated the idea of inflating away the debt, saying “you never have to default because you print the money.

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Published in: on May 10, 2016 at 11:36 am  Leave a Comment  

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