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Aren't there better ways to manage the debt than crashing trade? Print a ton of money and deliberately cause inflation, that wouldn't be as harsh as tariffs. Pr
by joegibbs 2y ago
Aren't there better ways to manage the debt than crashing trade? Print a ton of money and deliberately cause inflation, that wouldn't be as harsh as tariffs. Print the money and use it to buy foreign currency, that would weaken the dollar.
- zozbot234 2y agoThe better way is what Clinton did throughout his terms as President - cut government waste and run budget surpluses. It doesn't have to hurt if you do it gradually enough. Some commentators will argue that the U.S. enjoys some sort of unique exceptionalism due to the dollar being a "reserve currency" and whatnot, such that they should not attempt to do this. These commentators are wrong.
- roflyear 2y agoI think people will tend to argue two points: 1) Debt isn't bad in itself, running a deficit isn't bad in itself. (though they can be bad in some situations!) 2) The US is in the position to "fix" the debt problem in a lot of creative ways (I mean, some pro-tariff are arguing this too, right? just that the creative way is tariffs).