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33 sats \ 2 replies \ @Undisciplined 18 Jun \ on: Shelton: The Fed Fuels Fiscal Profligacy (Wall Street Journal) econ
I still don’t fully understand what those negative remittances are. They’re basically IOUs to the Treasury, but what if they can’t repay them?
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42 sats \ 1 reply \ @denlillaapan OP 18 Jun
yes, accounting-wise.
Over long enough a horizon, they will/can repay them. (there's always more dollars to print, more QE to do.) Might take 50 years.
oh, central bank abolished by theN? too bad, taxpayers
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16 sats \ 0 replies \ @Undisciplined 18 Jun
Are you sure? The magnitude of IOUs is insane.
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