2min chapter

Forward Guidance cover image

The Fed’s "Controlled Demolition" of The Financial System | Danielle DiMartino Booth

Forward Guidance

CHAPTER

Janet Yellen's Role Later as a Politician

Treasury is rallied even as their credit worthiness was degraded, which is paradoxical. But I think that if we went to the brink and went over the brink that just like government workers who are furloughed, get back pay. So there would not be a technical, there would be a technical default, but there wouldn't be a missed interest payment.

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