It would devalue the dollar, but it would also substantially increase borrowing costs. Not that great for a country which is effectively paying off one credit card with the other.
Comment on YSK: Europe Can Wreak HAVOC On America Without Firing a Bullet.
gandalf_der_12te@discuss.tchncs.de 1 day ago
Selling US Treasury bonds is exactly what Trump wants as it would devalue the dollar (flooding the market with dollars basically devalues the dollar) and Trump wants to devalue the dollar to make manufacturing in the US more attractive and to stimulate exports and therefore jobs in the US.
qaz@lemmy.world 1 day ago
hr_@lemmy.world 1 day ago
Not sure it’s a plan as much as an unintended consequence. The man doesn’t really have a track record of deep thinking.
Pika@sh.itjust.works 1 day ago
I don’t think he has a track recording of thinking in general to be fair.
I think he spits actions and just takes whatever sticks. The dude bankrupted how many times now and is expected to be the master in resolving US trade?
gandalf_der_12te@discuss.tchncs.de 1 day ago
the man certainly does not do deep thinking but the thinktanks that are his advisors sure do.