Quote from: Government Topic

If the U.S. Government was a company, the deficit would be $5 trillion because they would have to account by general accepted accounting principles. But actually they encourage government spending, reckless government spending, because the government can issue Treasury bills at extremely low interest rates.


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Author Bio


  • NameMarc Faber
  • DescriptionSwiss businessman
  • BornFebruary 28, 1946
  • CountrySwitzerland
  • ProfessionEconomist; Author