Summary
- Presumptive Republican Nominee Trump has set off a firestorm economic debate declaring "United States government. First of all, you never have to default because you can print the money.".
- Trump introduces the key tenant of Modern Monetary Theory into the economic debate. The key part theorizes sovereign nations that borrow in own currency should spend to boost their economy.
- As this debate widens, it will spill into the gold markets as some people falsely fear the U.S. may kick off a bout of hyper-inflation if Trump wins the Presidency.
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Implications Of Trump's Statement 'U.S. Can Print Money' ModernMonetaryTheorist