The central bank has dropped interest rates to extremely low levels, which means that other banks and organizations can borrow huge amounts of debt for basically little interest costs. They can then serve this out to businesses. Trump appears to want to take advantage of the low interest rates in order to easily fund infrastructure projects.
My question is, isn't taking out another loan of 2 trillion dollars going to saddle the country with more debt and increase inflation? Even if you decided to actually take out that money, shouldn't it go to people in need or pay for medical supplies in this time of crisis?
*loan from whom? From the moon? No it’s a loan from ourselves to ourselves, that we can forgive with a debt jubilee. You may be surprised to see massive debt forgiveness happen in the second term
this type of stuff is way over my head. cliff notes?
The central bank has dropped interest rates to extremely low levels, which means that other banks and organizations can borrow huge amounts of debt for basically little interest costs. They can then serve this out to businesses. Trump appears to want to take advantage of the low interest rates in order to easily fund infrastructure projects.
My question is, isn't taking out another loan of 2 trillion dollars going to saddle the country with more debt and increase inflation? Even if you decided to actually take out that money, shouldn't it go to people in need or pay for medical supplies in this time of crisis?
*loan from whom? From the moon? No it’s a loan from ourselves to ourselves, that we can forgive with a debt jubilee. You may be surprised to see massive debt forgiveness happen in the second term