psycopk Posted May 10, 2016 Report Share Posted May 10, 2016 This was my sort of thinking when i was in school... Getty Images Presumptive Republican presidential nominee Donald Trump WASHINGTON (MarketWatch) — Presumptive Republican presidential nominee Donald Trump may be right his theory that the U.S. can avoid a default by just printing money but the results would be disastrous, leading experts say. In an interview on CNN on Monday, Trump said the U.S. could never default on its debt because the U.S. prints the money. “You never had to default because you print the money,” Trump said. One observer said Trump was “out of his mind.” “Sure if the U.S. needed to avoid default you can always print money, but what does this mean for the dollar, what does it mean for financial markets, what does it mean for inflation,” said Desmond Lachman, a resident fellow at the American Enterprise Institute, who is a former International Monetary Fund official who worked at on Wall Street at Salomon Smith Barney. “It just seems cavalier. The consequences would be terrible” in part by sparking runaway inflation, he said. “If the U.S. isn’t serious about its budget and serious with its debt, we’re in for a lot of trouble,” he said. Trump seems to be suggesting he would scrap all the economic lessons learned since Paul Volcker, the Federal Reserve chairman who defeated the great inflation of the 1970s and early 1980s, he said. The inflation came from President Lyndon Johnson printing money to pay for the Vietnam War, Lachman said. In the interview, Trump was pushing back on a New York Times report that he might be able to negotiate a partial repayment of national debt. Read more: ‘Low-interest-rate’ Trump wants to replace Yellen, refinance U.S. debt Trump said he would not negotiate with creditors. Instead, he would buy back debt if interest rates went up. Tom Simons, senior money-market economist at Jefferies, said this proposal also didn’t make economic sense because the U.S. would have to borrow at high interest rates to pay for the buybacks. Buying back debt is a good strategy if the government is running a surplus and can retire the debt, Simons said. Quote Link to comment Share on other sites More sharing options...
tom bhayya Posted May 10, 2016 Report Share Posted May 10, 2016 Quote Link to comment Share on other sites More sharing options...
Leonardo_Di_Carpio Posted May 10, 2016 Report Share Posted May 10, 2016 Pichi peon trump... Quote Link to comment Share on other sites More sharing options...
ravee2k2 Posted May 10, 2016 Report Share Posted May 10, 2016 gadedo vichala vidiga sesi maaku andariki job lu isthe baguntadi kada Quote Link to comment Share on other sites More sharing options...
VizagRocks Posted May 10, 2016 Report Share Posted May 10, 2016 what? wasn't what he said right? US is already doing it. who wrote this report? printing money doesn't cause inflation. lol. Quote Link to comment Share on other sites More sharing options...
psycopk Posted May 10, 2016 Author Report Share Posted May 10, 2016 Just now, VizagRocks said: what? wasn't what he said right? US is already doing it. who wrote this report? printing money doesn't cause inflation. lol. nice.. we need experts like you.. go fund trump Quote Link to comment Share on other sites More sharing options...
tom bhayya Posted May 10, 2016 Report Share Posted May 10, 2016 2 minutes ago, VizagRocks said: what? wasn't what he said right? US is already doing it. who wrote this report? printing money doesn't cause inflation. lol. Quote Link to comment Share on other sites More sharing options...
VizagRocks Posted May 10, 2016 Report Share Posted May 10, 2016 Just now, psycopk said: nice.. we need experts like you.. go fund trump printing money doesn't cause inflation. only excessive lending of that printed money does. obviously when debt is to be serviced, most of that money goes to established funds, and not to general public. Inflation will not occur. US problem is low taxes, less redistribution. Sanders is the only candidate willing to talk about it. Quote Link to comment Share on other sites More sharing options...
VizagRocks Posted May 10, 2016 Report Share Posted May 10, 2016 okay. the title is misleading. buying back debt is the stupidest idea yet by Trump. Quote Link to comment Share on other sites More sharing options...
Maryadaramanna Posted May 10, 2016 Report Share Posted May 10, 2016 25 minutes ago, VizagRocks said: printing money doesn't cause inflation. only excessive lending of that printed money does. obviously when debt is to be serviced, most of that money goes to established funds, and not to general public. Inflation will not occur. US problem is low taxes, less redistribution. Sanders is the only candidate willing to talk about it. aa lekkana chinki galla daggara 12 or 15 Trillion dollars appu yenduko...print chesi 10ginchukunte ayipoyedi kada Quote Link to comment Share on other sites More sharing options...
phatposts Posted May 10, 2016 Report Share Posted May 10, 2016 Exactly tuglaq paripalana laaga undi veedi thought! Quote Link to comment Share on other sites More sharing options...
Spartan Posted May 10, 2016 Report Share Posted May 10, 2016 Please veedini President cheyandi. Quote Link to comment Share on other sites More sharing options...
ParmQ Posted May 10, 2016 Report Share Posted May 10, 2016 Lol. . Veedu super ahe. Quote Link to comment Share on other sites More sharing options...
VizagRocks Posted May 11, 2016 Report Share Posted May 11, 2016 4 hours ago, Maryadaramanna said: aa lekkana chinki galla daggara 12 or 15 Trillion dollars appu yenduko...print chesi 10ginchukunte ayipoyedi kada adhe cheppina ga. printing to service the debt is different from printing to buy it out. The latter is what stupids do. Quote Link to comment Share on other sites More sharing options...
Peter123 Posted May 11, 2016 Report Share Posted May 11, 2016 total us debt is 19 trill Quote Link to comment Share on other sites More sharing options...
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