Looks like the Trump people are thinking about using USD tax credits to fund some infrastructure:
Trump’s advisers say his plan for infrastructure spending would employ a tax credit scheme that would supposedly mean it costs the government nothing — which is debatable
Aren't USD balances in possession of the non-govt sector more or less a tax credit? So the Trump people will issue direct USD system tax credits to infrastructure vendors without a simultaneous issuance of Treasury securities in equal amounts... so what?
So this is now a progressive nightmare? Doesn't sound like it should be a progressive nightmare to me.... maybe a monetarist nightmare... or a Democrat nightmare...
Check out this nightmare scenario for progressive economics that could really happen under a Trump presidency:https://t.co/jpZNqjb7sx— Greg Sargent (@ThePlumLineGS) November 10, 2016