pull down to refresh
36 sats \ 0 replies \ @justin_shocknet 21 Mar \ on: Bessent’s Debt Dilemma (Financial Times Unhedged, Armstrong/Reiter) econ
Convenient how this globalist rag leaves out the fact that the critique of Yellen was because rates were under 1%, and she didn't lock them in.
Why might she have done that? Because paying out interest on the short term bills is stimulative: #918919
Bessent on the other hand has been clear that rates need to come down to quit choking out private credit and slowing monetary velocity.
ftfy #918728