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0 sats \ 2 replies \ @Undisciplined 22 Mar \ parent \ on: Bessent’s Debt Dilemma (Financial Times Unhedged, Armstrong/Reiter) econ

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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