Trump on CNN re: nat'l debt: "This is the United States Government. First of all, you never have to default, because you print the money."
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@DavidMDrucker@wconnorwalsh No. THAT'S what default wld do. Currency manipulation reduces value, creates inflation. Not as bad as default. -
@davidcmcalpine@DavidMDrucker@wconnorwalsh Paying less than face value on debt IS default, period. -
@PaulWDrake@DavidMDrucker@wconnorwalsh Yep. And paying the face amount with subsequently devalued currency is not. Which is why you do it. -
@davidcmcalpine@DavidMDrucker@wconnorwalsh Are we going to pretend Trump hasn't mentioned both devaluing AND defaulting?
End of conversation
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@DavidMDrucker@davidcmcalpine@wconnorwalsh It's being done Now where have you beenThanks. Twitter will use this to make your timeline better. UndoUndo
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