Reply to post: debt background info

No Huawei out: Prez Trump's game of chicken with China has serious consequences

Anonymous Coward
Anonymous Coward

debt background info

https://www.investopedia.com/articles/investing/080615/china-owns-us-debt-how-much.asp

China really doesn't have a weapon here, US Debt is very easy to sell.

Then there's this printing press thing, which of course is a stealth tax, and a way to keep zombie banks and businesses alive that in actual capitalism, would long ago have suffered creative destruction and we'd all be better off had we torn off the bandaid of printing and repressed interest rates long ago.

The bozo businesses would have died, the Gini coefficient improved, newer businesses opened to fill the space, and we'd all be better off. Especially if some of the ridiculous regulations in the US and EU that act as barriers to entry were cut back a bit.

But asking for macroeconomic literacy is a high bar - not only in the oval office.

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