4 ms·

It’s about $100 billion in annual revenue the federal government loses out on. https://www.lynalden.com/broke-federal-reserve/ https://www.lynalden.com/broke-f

• nwiswell 4y ago
  Absolutely nothing compared to how much the federal government is "earning" because inflation is running hotter than the average rate of interest on Treasury bonds. At a 7% rate of inflation and a 2% average interest rate, it amounts to over a trillion dollars a year discharged in terms of real debt owed to the public.
  • throw123123123 4y ago
    This is true, and yet, deficit is still growing. Welcome the united states of Argentina.
    • JumpCrisscross 4y ago
      > yet, deficit is still growing The deficit always grows in nominal terms because of inflation. Scaled properly [1], the deficit isn't great, but it's improving and far from unprecedented. [1] https://fred.stlouisfed.org/series/FYFSGDA188S https://fred.stlouisfed.org/series/FYFSGDA188S
    • PaulDavisThe1st 4y ago
      Kevin Drum has a chart or two for that: https://jabberwocking.com/yes-of-course-big-deficits-are-due-to-tax-cuts/ https://jabberwocking.com/yes-of-course-big-deficits-are-due...
    • quickthrower2 4y ago
      Almost all money is debt. The system only works this way.