So how is this going to work out. Obviously Trump and the republicians will cut taxes like crazy. They’ll try to cut spending too, but since republicians aren’t really any better at that than democrats, they won’t get far. After all, they all need to get reelected. So the deficit and debt will explode. No surprise there since Trump is self-proclaimed as the king of debt. Hard to see how that doesn’t push up interest rates though. There’s no substitute for the dollar, otherwise we couldn’t get away with this, but at the least people will demand more in return for us bonds.

And where will all that money that is not going to taxes go Into more inflation? I don’t understand this.