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Next, Cohn repeated what everyone was saying: Interest rates were going to go up over the foreseeable future. I agree, Trump said. “We should just go… - Bob Woodward
" "Next, Cohn repeated what everyone was saying: Interest rates were going to go up over the foreseeable future. I agree, Trump said. “We should just go borrow a lot of money right now, hold it, and then sell it and make money.” Cohn was astounded at Trump’s lack of basic understanding. He tried to explain. If you as the federal government borrow money through issuing bonds, you are increasing the U.S. deficit. What do you mean? Trump asked. Just run the presses — print money.
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About Bob Woodward
Robert Upshur "Bob" Woodward (born March 26, 1943) is a journalist in the United States, known mostly for his work in helping uncover the Watergate scandal that led to President Richard Nixon's resignation, in a partnership with Carl Bernstein, while working as a reporter for The Washington Post. He has written twelve nonfiction books and has twice contributed reporting to efforts that collectively earned the Post and its National Reporting staff a Pulitzer Prize.
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Robert Upshur Woodward
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Robert Woodward
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