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How bad is the US debt and deficit situation? A Serious Question for Twitter
by
@ProfJAParker
MIT and NBER
Abstract: Debt and deficits are huge and the Fed is hiding funding costs. Is the US already unable to finance itself?
greenhorn here.
I’m confused: “borrowing a lot is not a problem” but “pretending there is no borrowing isn’t wise.”
I don’t understand: who is pretending there is no borrowing?
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At least some of Twitter write as if the Fed is not borrowing to buy Treasuries. Glad it’s a straw man in your eyes. As to problems, so far the spring debt binge and (required?) Fed “assistance” have not shaken the markets faith in US Treasuries as a (the?) safe asset
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The fed is NOT borrowing. Sometimes words have two meanings. Government, as a point of logic, never borrows money in the sense that private sector economic players do.
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The government does not borrow money. People do tend to pretend otherwise, however.
Dziękujemy. Twitter skorzysta z tych informacji, aby Twoja oś czasu bardziej Ci odpowiadała. CofnijCofnij
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Wydaje się, że ładowanie zajmuje dużo czasu.
Twitter jest przeciążony lub wystąpił chwilowy problem. Spróbuj ponownie lub sprawdź status Twittera, aby uzyskać więcej informacji.
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