This is the STUPIDEST Economic Theory EVER.
Stop saying Trump is crashing the economy to lower rates, and refinance our debt.
It's simply economically ignorant. Here's why:
- Tanking the economy also tanks Tax revenue, meaning it INCREASES OUR DEBT.
- Tanking the dollar and economy tanks trust in the US dollar and thus actually raises interest rates as the government has to raise them to sell bonds.
- A bad economy typically leads to more government spending on: Unemployment benefits, Food assistance, Stimulus programs.
These people who Fox Business bring on are economically illiterate when it comes to this stuff.
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