3 ms·
Govt 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 mo
by ChrisLomont 5y ago
Govt 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_...