Illogical Ship of Fools
COMMENT: Thank you for your private blog on interest rates. We seem to have the dumbest people in government possible. How could they sell debt when China was the largest holder and then threaten them with war over Taiwan? A third-grader would see the illogical assumption in this position. If they cannot sell the debt, then interest rates must rise. Only a fool would disagree with that. We are obviously on a ship of fools.
HK
ANSWER: You do not buy the bonds of your enemy so they can buy weapons to wage war against you. It just does not make any sense.
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