by Karl Denninger
“Donald Trump’s Economic Plans Would Destroy the US Economy!” screams the headline in The Atlantic.
Of course to go with the headline they find a very unflattering picture….
I do give The Atlantic one bit of credit: They didn’t bury the lede.
“I’ve borrowed knowing that you can pay back with discounts,” he told CNBC. “I would borrow knowing that if the economy crashed, you could make a deal.”
This policy would be so disastrous that even its suggestion is dangerous.
The article goes on to say that suggesting that one might haircut the debt would collapse markets — and the economy.