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The Fed does pay interest on excess reserves these days so the portion of debt that comes from issuing zero interest obligations (namely dollars) is not as larg
by fspeech 8y ago
The Fed does pay interest on excess reserves these days so the portion of debt that comes from issuing zero interest obligations (namely dollars) is not as large as it seems. As it currently stands, excess reserves are around $1.8T: https://fred.stlouisfed.org/series/EXCSRESNS https://fred.stlouisfed.org/series/EXCSRESNS
- cs702 8y agoYes. My comment was meant to illustrate sharply the utter lack of depth of this article, without going into too much detail... but thank you for pointing that out :-)