Trump’s Monetary Policy Mentor: America Turns to Zimbabwe for Guidance

by Peter Diekmeyer
Sprott Money

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.

Continue Reading at…