by Karl Denninger
Market-Ticker.org
“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.
Oh really?
The article goes on to say that suggesting that one might haircut the debt would collapse markets — and the economy.