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39 sats \ 3 replies \ @028559d218 22 Mar \ parent \ on: Bessent’s Debt Dilemma (Financial Times Unhedged, Armstrong/Reiter) econ
Let it go negative...
How would that even work?
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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I don't know. Is this associated with the rapid increase in interest rates in 21-22?
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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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