John Hoang
@jhoang
https://youtu.be/2469Y_kIOuY?si=mt4rZSfg_vrYCOj1 Milton Friedman says the American people would buy the US treasuries if people abroad started selling them. Very interesting that Bessent has said he wanted to deregulate the banks so that American people be the new buyers.
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HH
@hamud
Wdum? Anyone can buy bonds.
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John Hoang
@jhoang
Yeah, but the question is who would want to buy when people overseas are dumping. The assumption is that when people overseas are dumping the bonds, it will automatically lead to capital flight and the doomsday scenario.
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