Oddbean new post about login | logout They only turn to the bond market when tax revenues are insufficient. It's not correct to say that the US government mainly gets its money by issuing bonds or treasuries.
Is my understanding that TAX collection is not sufficient for their actual spending the typically run in deficits that’s why the normally turn to the bond market. Do you have data to back your take? We can certainly learn from you 🤓🙏
Every year their tax collection is insufficient. That is correct. The spending by the US government is out of control and it is increasingly being financed by the federal reserve each year.