Intellectuals are laying the groundwork for “a tower of debt higher than any ever seen in world history”

– Alexandria Ocasio-Cortez (AOC) and Donald J Trump (DJT) will soon be on the same side by coming to love massive debt, “$2-trillion federal deficits,” ultra loose monetary policies and the debasement of the dollar

– Beyond “good and evil” and moving to “dumb and dumber” monetary and economic policies may see dollar go the way of bolívars in Venezuela today

by Bill Bonner via Bonner & Partners

The intellectuals are laying the groundwork.

That is, they’re digging the foundations for an extraordinary structure – a tower of debt higher than any ever seen in world history.

The primary architect? Paul Krugman? Jerome Powell? Joseph Stiglitz?

Nope. Not an architect at all… but a politician.

Low-Interest People

It’s none other than Alexandria Ocasio-Cortez (AOC), the ambitious young representative of New York’s 14th district, who has the shovel in her hands.

She may be the youngest woman ever elected to Congress, but she wasn’t born yesterday. And she may not know any more about economics than Donald J. Trump. But she knows a winning trend when she sees one.

And circa 2019, debt is becoming more popular than internet hook-ups.

Our dear readers generally approve when we poke fun at liberals like Ms. Ocasio-Cortez. But they hate it when we talk smack about the president. Many see the contest in Washington as a fight between good and evil. And they know what side they’re on!

We predict, however, that AOC and DJT will soon be on the same side. Beyond good and evil. Just dumb.

Both are already “low-interest kind of people.” And when the going gets tough, both will come to love Modern Monetary Theory, MMT… and $2-trillion federal deficits.

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