MacroVoices #353 Luke Gromen: The Fed Is Headed For Difficult Decisions
Macro Voices
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Tax Receipts in the United States in Fiscal 21, 2022
The US, as the reserve currency issue of the world, has a balance of payments problem. There's not enough private balance sheet globally to fund US deficits next year at anywhere near current rates or current dollar price. Tax receipts were up like 40 percent in fiscal 21, 2022. That amount was up, I believe $430 billion year over year versus April 2021.
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