COVID-19 is the perfect 4T event?

[David Horn]

(04-28-2020, 12:24 PM)Isoko Wrote: David,

Once again, how can you pay for all this? The problem with the U.S is that she is in 1980s Soviet waters. There was no way or will to radically turn that system around. When you are in that stage, the system fails and has to be rebuilt from the ground up, not the ground down.

We're already entering a deflationary period, which is the worst form of economic crisis.  Printing and spending money is the easiest way out.  Since much is needed, much money should be printed.  I only hope it's used wisely.

In the aftermath of WW-II, the US debt was 128% of GNP.  By 1962, it was 32%, and not one cent of the debt was retired.  The difference: growth and inflation made the debt seem small in a then highly robust economy. There's no reason not to do that again.