BONUS: George Hall on Financing World War II and Managing Post-War Debt
Macro Musings with David Beckworth
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The Importance of US Treasury Securities
Inflation will eventually bring the desired real holdings into what they actually want. And it's going to occur through higher prices, so we may not be over the inflation bump yet. I think US Treasury securities are extremely valuable in terms of providing a sort of underlying US financial markets and global financial markets. People will ever see others.
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