Republican presidential nominee Donald Trump turned a few heads last week when he we should reduce our national debt by refusing to pay for it in what would amount to a default.
Trump was evidently informed that that's not how this works and today he debuted a new talking point that isn't any better.
"People said I want to go and buy debt and default on debt, and I mean, these people are crazy. This is the United States government," Trump told CNN's Chris Cuomo on "New Day." "First of all, you never have to default because you print the money, I hate to tell you, OK?"
Don't worry, we'll just replace one financial catastrophe with another under President Trump.
Imagine my delight to find that the party of hyper inflation has chosen a nominee who says we should print more money. Republicans routinely argue against progressive economic policy by predicting that it will lead to runaway inflation, but their own presidential nominee now says we should create runaway inflation by printing more money.
How many big businessmen out there mistakenly believe the government can be managed just like their Fortune 500?