5 ms·
Sounds like someone has never heard of government
by cik 5y ago
Sounds like someone has never heard of government
- bongoman37 5y ago
- ChrisLomont 5y agoGovt works exactly the same way. You think they spend more than they take in by ignoring the excess is lent to them by investors - even the govt is taking in more than it spends. If you're considering the Fed, it too is a lender, and has a zero net asset sheet.
- adolph 5y agoYep, here’s the November 2021 balance sheet—clear as day, assets equal liabilities. https://www.federalreserve.gov/monetarypolicy/files/balance_sheet_developments_report_202111.pdf https://www.federalreserve.gov/monetarypolicy/files/balance_...