The Four Pillars of Macro with Andy Constan
Excess Returns
00:00
The Treasury General Account
In April of 2021, 2022, the stock market was down and falling. And on May 3rd or so, the government announced what it was going to be issuing. And the issuance fell dramatically. That was because they didn't need the money because of high inflation. The Treasury General account is just like your bank account at any other bank.
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