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The only reason he reversed course is because the bond market was shitting the bed. If no one was buying our shitty bonds, then they couldn't issue the debt to pay for the massive tax cuts for the rich they're about to pass. The insider trading wasn't supposed to start until the market bottomed, they will absolutely try this same play again in three months.
It seems like bonds are favourable when issued by a country with a stable government. Won’t investors consider this a sign of an unstable government and possibly continue to dump bonds?
If they have any sense, yes. Perceived trustworthiness is important. Mr. "Art of the Deal" of course can't understand this and couldn't deliver on it even if he did.
This is what people need to be concentrating on. The cost of the government borrowing shot up 13% in a couple of days. This stupid fiasco just cost the government $70B in yearly interest payments alone and is why Trump backed down.
They can' literally print money. They don't even have to print it.
Ironically, it would weaken the dollar enough that the rich would lose money on their tax cuts. So in that sense you're right. I just don't want anyone thinking that the government actually needs to find all the money it spends.