ClydeR
09-11-2019, 01:12 PM
https://pbs.twimg.com/media/EELY1ocUUAEU7GL?format=png&name=small
https://pbs.twimg.com/media/EELY1-hU4AMWVJi?format=png&name=small
Important points from these tweets..
Interest rates should be less than zero. When interest rates are negative, banks have to pay interest to the government on the amount of deposits at the bank. It encourages banks to lend money. Some other countries have tried it in desperation when they were sliding into the maw of financial ruin.
Trump is right that we have a good enough balance sheet to borrow more money. You always want to borrow as much as you can because you never know when you will need it.
That guy in charge of the Federal Reserve, probably an Obama appointee, is a bonehead for not recognizing the brilliance in Trump's plans.
Only a real twitter pro could punctuate naivete right.
https://pbs.twimg.com/media/EELY1-hU4AMWVJi?format=png&name=small
Important points from these tweets..
Interest rates should be less than zero. When interest rates are negative, banks have to pay interest to the government on the amount of deposits at the bank. It encourages banks to lend money. Some other countries have tried it in desperation when they were sliding into the maw of financial ruin.
Trump is right that we have a good enough balance sheet to borrow more money. You always want to borrow as much as you can because you never know when you will need it.
That guy in charge of the Federal Reserve, probably an Obama appointee, is a bonehead for not recognizing the brilliance in Trump's plans.
Only a real twitter pro could punctuate naivete right.