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For the next three years, the Trump administration can borrow or print an effectively infinite amount of money. Then cleaning up the mess through an austerity p
by nradov 1y ago
For the next three years, the Trump administration can borrow or print an effectively infinite amount of money. Then cleaning up the mess through an austerity program will become someone else's problem.
- nenenejej 1y agoThey might but they are not immune from global markets that are watching their moves closely. Those markets determine bond yields and currency exchange rates. Although the market can be irrational longer than Trump needs to stay in office.