The Next Big Trade - The Godfather of MMT Explains It All
Real Vision: Finance & Investing
00:00
Is the Effective Duration a Lot Less Than the Treasury's Stated Duration?
The Fed's profits drop because it's paying interest on reserves and the actual payments to the economy go up. The IMF report for Argentina, the primary deficit is 2%. And that's all they look at. What's the total deficit including interest? Well, a peso interest.
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