What If
Back in 1972, I would go the library to read, "The Dines Letter." Dines was a gold bug, and that gold would soar in price, and it did, but the stock market soared much more. At the time gold was about $70 an ounce and today about $1200, an increase of about 17 times. The market was about 700, and today 20,000, an increase of about 28 times. On this occasion Dines predicted that the National Debt would be $40 billion for the year. He said, that this would be a catastrophe for the country and the market would collapse, thus buy gold. Well, we survived, and toady we run about a $40 billion deficit a week. The National debt has gone from around $200 billion (I'm guessing) to over $20,000,000,000,000 an increase of around 200 times, which is a lot more than the 17 times gold has gone up, or the 28 times the market has gone up. Now, Trump is going to cut taxes, but put many to work, building bridges, roads, airports etc. The question is,where is the money going to come from? Well, the government owns a giant printing press, and it can print till the cows come home. Not one person in a hundred that you meet on the street could tell what the National Debt is. If you said 20 trillion dollars, it would mean nothing. But if they could get a job building bridges, that would mean a lot. So, in the next 4 years, the big giant press prints $20 trillion, and now the National Debt is $40 trillion. What if some guy said, woah, this can't go on (just like Dines back in 1972), and the guy he said it too was thinking the same thing. And, they told two others, and they told two others, and soon 150,000,000 American thought the same thing. Or do we go on our merry way and in another 4 years the National Debt is $80 trillion. Does it ever end? It must end sometime. Then what? I don't know, because I'm not an economist. Keeke you voted for Trump, you must know the answer.
Phy