His comments reflect the thinking of a true developer, hwho doesn't understand the role of Federal Reserve manipulation of interest rates and the business cycle.
He also made some semi-incoherent comments about buying back Treasury debt at a discount. As I pointed out Friday, the real reason behind his comments on buying debt back at a discount is because he realizes that his many spending programs in a Trump administration, "strengthening" the military, expanding infrastructure, etc. would balloon the deficit and he needs to justify the growing deficit. His argument will be:
"Don't worry about the ballooning debt under my administration. I am the king of debt. The debt will grow the economy and make it easy to pay off, but if the economy doesn't improve, it still won't be a problem because the debt can be paid off at a discount."
Trump really thinks, Hey, I've gone bankrupt 4 times & am doing fine, so what's the problem with a US default...?https://t.co/XxuQdtIRL3— Bill Kristol (@BillKristol) May 8, 2016