The president's comments about Treasury notes were, for all intents and purposes, gibberish. But more importantly, they were also potentially dangerous.

Summary

Trump recently suggested the U.S. national debt might be inflated by fraudulent treasury payments, raising concerns among economists and financial experts.

Nobel laureate Paul Krugman warned that both Trump and Elon Musk have a history of not paying debts and that “if markets even suspect that this habit will extend to Treasuries, God help us.”

The White House quickly walked back Trump’s remarks, but the clarification seemed unconvincing.

Critics argue this incident shows Trump’s lack of understanding of financial and economic fundamentals.