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56 sats \ 6 replies \ @Undisciplined 21 Mar \ on: Bessent’s Debt Dilemma (Financial Times Unhedged, Armstrong/Reiter) econ
Yeah, just fire up those magic money machines that Elon just discovered.
Or, how about this novel finance idea? Let the Treasury's account at the Fed go negative. I don't even know what that means, but they haven't let that stop them before.
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39 sats \ 3 replies \ @028559d218 22 Mar
Let it go negative... How would that even work?
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0 sats \ 2 replies \ @Undisciplined 22 Mar
No idea, but apparently the MMTers have already proposed it.
I was inspired by this bonkers graph, that I also don't understand the ramifications of:
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30 sats \ 1 reply \ @028559d218 22 Mar
I don't know. Is this associated with the rapid increase in interest rates in 21-22?
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0 sats \ 0 replies \ @Undisciplined 22 Mar
It is, but the weird part is that conceptually the minimum value of that thing is zero (unless the Treasury is writing the Fed massive reverse remittance checks).
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32 sats \ 1 reply \ @denlillaapan OP 21 Mar
again, have heard the MMTers suggest that too. (would be a nice validation test for them, though)
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25 sats \ 0 replies \ @Undisciplined 21 Mar
Just when I think I've come up with a new dumb idea, those pesky MMTers have beaten me to it.
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