market-ticker.org / by Karl Denninger / 2017-04-26
You cannot deficit spend your way to prosperity, nor can you print growth.
You can print money. Deficit spending is printing money.
You cannot print value.
The premise that you will get 3% growth if you deficit spend is the same premise that Obama ran after 2008. He and his advisers believed that if the government spent trillions that it did not have that we would see higher economic growth and over the space of a decade or so this would pay for the deficit through increased tax revenues.
It didn’t happen.
It didn’t happen because it can’t happen; it was nothing more than a scheme to “print value”, which is always and forever a fraud.
The post The Trump Is A Fraud On Taxes appeared first on Silver For The People.