silence7@slrpnk.net to politics @lemmy.worldEnglish · 19 hours agoTrump Is Getting Closer to Having an ‘Infinite Money Pit’ | If the president takes over the Federal Reserve, he will have extraordinary power to reward his friends and destroy his enemies.www.theatlantic.comexternal-linkmessage-square84fedilinkarrow-up1377arrow-down13
arrow-up1374arrow-down1external-linkTrump Is Getting Closer to Having an ‘Infinite Money Pit’ | If the president takes over the Federal Reserve, he will have extraordinary power to reward his friends and destroy his enemies.www.theatlantic.comsilence7@slrpnk.net to politics @lemmy.worldEnglish · 19 hours agomessage-square84fedilink
minus-squareRolder@reddthat.comlinkfedilinkarrow-up12·16 hours agoDoesn’t really matter how many dollars you dish out if the dollar isn’t worth the paper it’s printed on
minus-squaregandalf_der_12te@discuss.tchncs.delinkfedilinkarrow-up1·11 hours agothe thing is that it will take a while for the market to react, so short-term, the dollar would still have value, giving trump infinite buying potential.
minus-squaredhork@lemmy.worldlinkfedilinkEnglisharrow-up3·15 hours agoBut once the dollar is worthless, then we can start using $TRUMP as currency
minus-squaregandalf_der_12te@discuss.tchncs.delinkfedilinkarrow-up1·11 hours agoit’ll either be cryptocurrency or hard currency like assets, goods, or maybe gold and such.
Doesn’t really matter how many dollars you dish out if the dollar isn’t worth the paper it’s printed on
the thing is that it will take a while for the market to react, so short-term, the dollar would still have value, giving trump infinite buying potential.
But once the dollar is worthless, then we can start using $TRUMP as currency
it’ll either be cryptocurrency or hard currency like assets, goods, or maybe gold and such.