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Old 08-15-2019, 09:34 AM
Jonathan Chance is offline
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Quote:
Originally Posted by Lord Feldon View Post
A) The tea party wasn't about the debt, as was clear to anyone who actually looked for 3 seconds at one of the protests.

B) The guiding principle of the conservative movement on fiscal matters is that there should be stimulus during Republican presidencies and austerity during Democratic presidencies.
I would argue it's the belief that water running downhill will never reach the bottom. So long as we remain the world's reserve currency, that's fine. But eventually pressure will grow and rates will climb and we'll either devalue the currency or have some other calamitous thing occur to force things into balance again.