National Economic Advisor Says Trump 'Won't Inflate Our Way Out of Debt.' Trump Says, Yes We Will.
5 Articles
5 Articles
National Economic Advisor Says Trump 'Won't Inflate Our Way Out of Debt.' Trump Says, Yes We Will.
Kevin Hassett answered simply. Bloomberg’s Open Interest asked whether the White House planned to “inflate our way out of debt.” He replied, “No, absolutely not.” President Trump gave a different answer. In a Time magazine interview published October 1, he said, “Certain levels of inflation will also pay off that debt very rapidly. Very rapidly.” […]
Interest payments in the US have gone from being a minor nuisance to the second largest item in the federal budget in just six years.
Donald Trump claims that "some levels of inflation" would make it possible to repay "very quickly" the US federal debt, which amounts to $40,000 billion. The mechanism does exist and has already served in the past. Yet it has a cost, and depends on a condition that the United States is struggling to meet today. The Trump article relies on inflation to repay US debt first appeared on Cryptoast.
National Economic Advisor Says Trump ‘Won’t Inflate Our Way Out of Debt.’ Trump Says, Yes We Will
The post National Economic Advisor Says Trump ‘Won’t Inflate Our Way Out of Debt.’ Trump Says, Yes We Will. appeared first on 24/7 Wall St.. Kevin Hassett answered simply. Bloomberg’s Open Interest asked whether the White House planned to “inflate our way out of debt.” He replied, “No, absolutely…
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