There is no better way to reveal yourself as not being a serious student of economics or history by responding "what about [Zimbabwe/Weimar/etc]" when trying to talk about government deficit spending.
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Replying to @pearkes
Don’t do deficit spending in a super-hard currency regime (with pegs!) when you owe lots of fx-denominated debt after losing WW1, got it. I will endeavor to unite the forces of Prussia more effectively next time.
3 replies 0 retweets 26 likes -
Replying to @SkeleCap
People always assume that Bismarck would be reincarnated as a foreign policy genius, but this man is clearly doing work from Colorado with tracking stocks and obscenely complicated cap structures.pic.twitter.com/wbNpSCtFfo
4 replies 1 retweet 13 likes
To me he scans more as a distressed debt/special situations guy who specializes in DIP financing
11:09 AM - 7 Dec 2020
from Brooklyn, NY
0 replies
0 retweets
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