"It’s time for the largest U.S. bank to open its doors to the public."
https://www.barrons.com/articles/banking-with-the-federal-reserve-1530198578 …
<-- my column on a clever idea from @MorganRicks1 and friends
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they talk about this at length in the paper, but the short version is there are a lot of options including buying more USTs and making loans to banks at market rates
Thanks. Twitter will use this to make your timeline better. UndoUndo
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We address that question briefly in our policy paper here (see p. 6) ... https://greatdemocracyinitiative.org/wp-content/uploads/2018/06/FedAccountsGDI.pdf …
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I prefer the version you put on SSRN but my tastes may be unusual...
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Me too but not everyone likes to nerd out ...
End of conversation
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