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Rainy day funds won't save you in a world driven by liquidity.
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California spent 6 years building up the largest rainy day fund in American history, $21 billion. It could be gone by the summer #COVID19 - latimes.com/california/sto
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Just issue revenue anticipated warrants and have the Fed buy them. No more need for rainy day fund idiocy that just wastes possible revenue in normal times.
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