by Peter Diekmeyer
Last week U.S President Donald Trump endorsed a massive $2 trillion spending bill to combat the COVID-19 crisis.
Giving out the cash will be loads of fun. Politicians love to do that. Paying for it will be a little tougher.
Raising taxes is impossible. If governments raised taxes every time there was a war or a crisis, voters wouldn’t let them start so many.
Borrowing is also out. No one will lend money to a deadbeat.
But Trump has a creative solution: America can simply print the “infinite” amounts of cash that will be needed.