If the U.S. Government was a company, the deficit would be $5 trillion because they would have to account by general accepted accounting principles. But actually they encourage government spending, reckless government spending, because the government can issue Treasury bills at extremely low interest rates. — Marc Faber
Tags: Accounting, Company, Marc Faber, American, Businessman
Mini who’s who:
Marc Faber : American Businessman
Born: February 28, 1946