pull down to refresh

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?

write
preview
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

reply
16 sats \ 0 replies \ @Undisciplined 18 Jun

Are you sure? The magnitude of IOUs is insane.

reply