Donald Trump: Quantitative Easing Will Eventually Take Toll

Thursday, 19 Sep 2013 06:38 PM

By Greg Richter

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Donald Trump loves the "cheap money" he can get to finance his development ventures, but he says those who really need it can't get loans because of federal regulations.

With interest rates remaining low as Federal Reserve Chairman Ben Bernanke announced a continuation of the federal stimulus, Trump's businesses benefit.

"Selfishly, as a developer, I love cheap money," Trump told Fox News Channel's "Your World with Neil Cavuto" on Thursday. But "the only people that get money are people like me that don't need it," he said.

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A smaller developer without a lot of money may have a perfectly sound deal put together, but federal regulations, such as Dodd-Frank, prevent banks from loaning out the money, Trump said.

At some point, Trump warned, the economy will have to pay the price for continued "quantitative easing" – essentially a form of "printing money" by a computer command.

"Is it going to be now? Is it going to be in five years, or 10 years? Is it going to be our children?" Trump asked.

"I got a great kick out of watching Bernake the other day," Trump told Cavuto. "It was going to stop, everything was going to stop, and then yesterday and the day before, signals started coming out that we're going to continue."

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