Discover and read the best of Twitter Threads about #quantitativetightening

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๐Ÿงต Some fools have that faith in the divinity of America. They believe the USA, as the one and only superpower, has some kind of magical powers. They can just print any amount of dollars they want! And even when they can't, they can still issue any amount of bonds they want!
So they can borrow all the money they want. And between printing and borrowing, the US government can spend as much as they want, have as many wars and as many military bases and aircraft carriers as they want, buy everything they want. Hallelujah.
FREEDOM WITHOUT CONSEQUENCES.
But that's just NOT real, and can never be real. Maybe USA can live like that for a while, pretending they can do whatever they want, without consequences, but that's far from sustainable. Even the alleged god can never create something from nothing magically just like that. Image
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