Powell just addressed this a moment ago when he said: “.. what it means is that 20 years from now, we’ll be spending those tax dollars — our children will be spending those tax dollars — on servicing the debt rather than on the things that they really need.”

Powell just addressed this a moment ago when he said:

".. what it means is that 20 years from now, we’ll be spending those tax dollars — our children will be spending those tax dollars — on servicing the debt rather than on the things that they really need.” https://t.co/aNvsfM7zF9

— Carl Quintanilla (@carlquintanilla) February 12, 2020

“If there is one thing I learned about Jay Powell in his appearance in front of Congress this week is that he’s learned little about the monetary experiences of both the Fed over the past 10 years ..” – @pboockvar pic.twitter.com/SiIpwJ7A4q

— Carl Quintanilla (@carlquintanilla) February 12, 2020

"What we need to do is have debt grow slower than the economy" … says policymaker whose policies are LITERALLY designed to encourage consumers, corporations, etc. to issue more debt by making it cheaper/less stringent to issue/take out🤔 $LQD $HYG $JNK $TLT https://t.co/wXdiBaIbL8

— Mike Larson (@RealMikeLarson) February 12, 2020

https://twitter.com/GregMannarino/status/1227287672843952128

https://twitter.com/NorthmanTrader/status/1227650656355397632

Financial markets are supposed to be tools that improve and fund positive outcomes in the real economy. The reverse is true today. Financial markets have become the economy.

Very few people realize how messed up and dangerous that is.

— Michael Krieger (@LibertyBlitz) February 12, 2020