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Monday, May 16, 2016

About That Debt...

Paul Krugman's recent piece on where Trump gets his support is sheer brilliance. The part I especially enjoyed was this.

The Trump solution would, among other things, deprive the world economy of its most crucial safe asset, U.S. debt, at a time when safe assets are already in short supply.

Right. US debt is still one of the safest assets in the world despite what foams out of the mouth of the old lady debt hystericals.

And I'm still waiting for those debt collectors to come a callin' by the by...:) (he said, wondering the people who caterwaul about our debt even understand who owns it).

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