My colleague, Jim Cramer, made a very interesting recommendation Monday morning, calling on the U.S. Treasury to issue a $1 trillion, 30-year “war bond” to finance out battle against the coronavirus.
He pitched the idea on CNBC to Larry Kudlow, who chairs the White House National Economic Council and promised to propose the idea directly to President Donald Trump.
The U.S., of course, has issued war bonds in the past, and in the context of actual military conflicts, both in World Wars I and II.
The government back in 1917 went so far as to enlist the help of celebrities such as Charlie Chaplin, Douglas Fairbanks, Mary Pickford and Ethyl Barrymore to sell Liberty Bonds.
Bob Hope, Bing Crosby,…