Understanding How Modern Money Works, Requires Knowing Reserve Accounting

Someone shared the tweet thread below with me on either Facebook or Twitter (can't remember) and it's EXCELLENT. So I've recreated it here, as faithfully as possible to the original as I can. I learned stuff and I hope you do too. To see the original tweet thread, click here. Tweet Thread About Reserve Accounting … Continue reading Understanding How Modern Money Works, Requires Knowing Reserve Accounting

US National Debt Never Needs To Be Paid Down

That's not me talking. It's Frank Newman, former Deputy Secretary of the US Treasury. Per Frank, the US national debt is nothing more than the sum of outstanding Treasury Bonds. There isn't a national credit card where we borrow from the Bank of China. That simply isn't a thing. The audio quality of the clip … Continue reading US National Debt Never Needs To Be Paid Down