Donald Trump Gets Something Right: The US Can Avoid Defaults by Printing Money

Donald Trump is getting mocked on the internet for declaring that:

This is the United States government. First of all, you never have to default because you print the money. I hate to tell you. So there’s never a default.

Trump critics are crowing, accusing Trump of being ignorant of economics. There’s a lot of reason to think that Trump doesn’t know his economics (such as the outlandish tax plan he proposed). But this time Trump is right–the government really can avoid defaults by printing money. Here’s how.

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