Rising stock prices decrease the national debt?

 

The country — we took it over and owed over $20 trillion. So they borrowed more than $10 trillion, right? And yet we picked up $5.2 trillion just in the stock market. Possibly picked up the whole thing in terms of the first nine months, in terms of value. So you could say, in one sense, we're really increasing values. And maybe in a sense we're reducing debt. But we're very honored by it.

The stock market does not create any wealth -- every dollar taken out is a dollar someone brought in -- and stock prices have absolutely no effect on the national debt.

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