Oddbean new post about | logout
 "Combining those New York Fed projections with the latest data on net income, we estimate that the Fed will carry this deferred asset until mid-2027, after which it will resume transfers to the Treasury."...🤔 https://www.stlouisfed.org/on-the-economy/2023/nov/fed-remittances-treasury-explaining-deferred-asset  
 Yep given a very long time they can eventually dig themselves out of the hole. Depends how high interest rates are by then though. 
 Tnx Lyn! Appreciate your work!  
 Bitcoin propaganda wants me to believe that the government "can just print money". Why is there a shortage then. 
 The truth is not memeable. There's more nuance.