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@stilloldduck@wconnorwalsh but anyway, he was making a purely academic point on a hypothetical. Would YOU alow default?? 4/ -
@davidcmcalpine@DavidMDrucker@stilloldduck@wconnorwalsh Homework look up Weimar republic and get back to us. -
@LonePatFan1@DavidMDrucker@stilloldduck@wconnorwalsh Currency manip doesn't ipso facto lead to hyper-inflation. And it beats default. -
@davidcmcalpine@LonePatFan1@stilloldduck@wconnorwalsh I jumpd gun. But 1 pt I stick by: We're nt most countries. Consequences different -
@DavidMDrucker@LonePatFan1@stilloldduck@wconnorwalsh Anyone who says they'd permit default is the imbecile. Manipulate. Buy time. 2/ -
@davidcmcalpine@LonePatFan1@stilloldduck@wconnorwalsh Yes, clearly. As I said, I jumped the gun but still by my broader point.
End of conversation
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@DavidMDrucker@stilloldduck@wconnorwalsh No. Currency manipulation buys time. See China. Emergency legislation wld follow. It's wrong 1/Thanks. Twitter will use this to make your timeline better. UndoUndo
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@DavidMDrucker@stilloldduck@wconnorwalsh THAT'S the scary thought. That someone would be ignorant/stupid enough to default instead. CrazyThanks. Twitter will use this to make your timeline better. UndoUndo
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@DavidMDrucker@stilloldduck@wconnorwalsh oxes wld be gored: no more free college/cell phones/cowboy museums. But real austerity works. 3/Thanks. Twitter will use this to make your timeline better. UndoUndo
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@DavidMDrucker@stilloldduck@wconnorwalsh to think hyper-inflation necessarily results. Only if legislators are stupid/gutless. LOTS of 2/Thanks. Twitter will use this to make your timeline better. UndoUndo
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