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Trump: “you could say in one sense we’re really increasing values and maybe in a sense we’re reducing debt.”

Summary:
Trump trying the same tactic as the MMT people trying to simply point out that non-govt asset increases can be viewed as offsetting govt liability increases: https://t.co/RIi82OYgik Wherein MSNBC hosts have to explain to Donald Trump how the federal debt and stock market work. ??? #DumpTrump — Cat #Resistance ❄️ (@midUSAmom) October 13, 2017 Being met with same ignorance in response by the unqualified journalists and unqualified political economists and disgraced libertarians.Good luck to him; MMT people have been trying the same tactic for 20 years and have gotten  noooooooooowherrrrrrrrrre...

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Trump trying the same tactic as the MMT people trying to simply point out that non-govt asset increases can be viewed as offsetting govt liability increases:

Being met with same ignorance in response by the unqualified journalists and unqualified political economists and disgraced libertarians.

Good luck to him; MMT people have been trying the same tactic for 20 years and have gotten  noooooooooowherrrrrrrrrre...

Mike Norman
Mike Norman is an economist and veteran trader whose career has spanned over 30 years on Wall Street. He is a former member and trader on the CME, NYMEX, COMEX and NYFE and he managed money for one of the largest hedge funds and ran a prop trading desk for Credit Suisse.

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