We are in a bubble; it could be an ugly bubble; when they burst it’s not a good thing. We’re going to go into a massive recession. But I always say, if I’m president it’s not going to happen.
-Donald Trump
Hat Tip - Facebook Memories
Door County, Wisconsin, USA - Where the strong survive and the weak are killed and eaten.
I guess we get to find out if the proponents of MMT were right, in that deficits don't matter.
ReplyDeletehttps://www.bloomberg.com/opinion/articles/2020-03-18/here-s-hoping-the-mmt-crowd-is-correct