A politician's favorite scapegoat is the fact that by the time their destructive policies ever come to full fruition, they will often be long gone from office. And while this isn't always the case, (President Obama and Obamacare) for the most part this does fit the pattern for elected officials in Washington D.C..
Which is why a scheme dropped on Aug. 17 by President Trump's Treasury Secretary Steve Mnuchin may actually see Modern Monetary Theory (MMT) enacted by a conservative administration long before the Democrats get control of the White House to implement their own version.
And the mechanism to introduce unlimited money printing? The 50 and 100 year bond.
As Bloomberg first reported, the Treasury’s Office of Debt Management is again conducting a broad outreach to Wall Street to refresh its understanding of market appetite for a potential Treasury ultra-long bond, according to a statement Friday. Specifically, the US Treasury is once again looking at the market interest in 50- or 100-year bonds, although it has not yet reached any decision whether to issue such a product. - Zerohedge
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