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American author and speaker
James G. Rickards is an American lawyer, investment banker, media commentator, and author on matters of finance and precious metals. He is the author of Currency Wars: The Making of the Next Global Crisis (2011) and six other books. He currently lives in Connecticut.
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Trump told Time that inflation will pay off the national debt very rapidly, while his own chief economic advisor flatly denied it. Bond markets are already placing their bet on which man is telling the truth, and homeowners and borrowers will feel the verdict first.
Kevin Hassett answered simply. Bloomberg’s Open Interest asked whether the White House planned to “inflate our way out of debt.” He replied, “No, absolutely not.” President Trump gave a different answer. In a Time magazine interview published October 1, he said, “Certain levels of inflation will also pay off that debt…