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22 sats \ 4 replies \ @Rothbardian_fanatic 16 Jan \ parent \ on: Price Inflation Rose Again in December, Climbing to a Ten-Month High econ
I don’t think fascinating would be the proper description for what is gong to be happening. Horrifying, pauperizing, despairing, or words along those lines would fit better. If Trump does not either get rid of the deficit or the Fed we will be in for hard times. I think he should let the big banks go down in flames for what they have been doing. I think Mises and Rothbard are totally right when they say the bust is the healing part of the business cycle.
How about "morbidly fascinating"?
Since Trump definitely isn't doing those things, we're going to see the trainwreck.
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Yes, morbidly fascinating is a much better way to describe it. I think that Trump will not do any ot those things that would straighten out the banking system because he is too embedded into that system through his real estate and construction businesses. Let’s face it, a spade is a spade. He might go for bankruptcy, although past history is no indication of future action. :)
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I hadn't even considered that Trump might be the one to go for some sort of debt restructuring and make the US lenders take a haircut. That's an interesting line of thinking.
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He has done it before on his various enterprises, so why wouldn’t he do it with this uSA Inc. organization. After all, it is only another corporation that has gone bankrupt at least three times already. Why shouldn’t he do it again? @Lux might have something to add to the government bankruptcy problem.
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