New Econ, defaulting is good

Investment Analysis Clubs Macro Economic Trends and Risks
1

I am not sold, but this is on my mind.

If he defaults on the debt, we are better positioned longer term.

Right now, we can not afford much in the way of major US projects.

We could have raised taxes. It would have been far better.

Wipe the slate clean, we lead longer term.

Is this a new economics? I do not think it is too bright. But consider who is setting this fall into action.

2

The people who want a default also want very low inflation. It is rocky to get from here to there. Taxes and interest rates longer term will be higher. Much further out the USD won’t be as depreciated as happened with the 1930s and 40s policies showing up as devaluation in the 1970s.

If you have major capital, there are some advantages.

Make sure your savings are safe.