4 ms·
I'm always reminded of articles like this: > Holding U.S. Treasurys? Beware: Uncle Sam Can't Account For $21 Trillion https://www.forbes.com/sites/kotlikoff/2
by beambot 5y ago
I'm always reminded of articles like this:
> Holding U.S. Treasurys? Beware: Uncle Sam Can't Account For $21 Trillion
https://www.forbes.com/sites/kotlikoff/2019/01/09/holding-u-s-treasuries-beware-uncle-sam-cant-account-for-21-trillion/?sh=4d2cc0aa7644 https://www.forbes.com/sites/kotlikoff/2019/01/09/holding-u-...
> Fed Committed $7.77 Trillion To Rescue Banks [in 2008, previously undisclosed]
https://www.npr.org/sections/thetwo-way/2011/11/28/142854391/report-fed-committed-7-77-trillion-to-rescue-banks#:~:text=Report%3A%20Fed%20Committed%20%247.77%20Trillion,%3A%20The%20Two%2DWay%20%3A%20NPR&text=Hourly%20News-,Report%3A%20Fed%20Committed%20%247.77%20Trillion%20To%20Rescue%20Banks%20%3A%20The%20Two,request%20was%20submitted%20by%20Bloomberg https://www.npr.org/sections/thetwo-way/2011/11/28/142854391....
You can argue whether this is a bug versus benefit... but transparency seems like a general win.
- serverholic 5y agoI forget the source but I once heard a quote that really resonated with me "corruption festers in the dark but tends to evaporate once it's brought to light". With that said, imagine a government where you can audit every transaction they make...