2min chapter

Many Happy Returns cover image

Defaulty Towers: How dangerous is the US Debt Ceiling?

Many Happy Returns

CHAPTER

The Fed Can't Save Us, Right?

The Fed worries about maintaining its independence and not being seen as a political entity. But at a certain point, you can only rustle up cash from nowhere to a certain extent. If the consequence was a global meltdown and political instability in the US, then I think there'd be a case for that.

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