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Rabbit Hole Recap #255: The Debt Ceiling Does Not Exist

Rabbit Hole Recap

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The Debt Ceiling Battles

The amount of cash that the treasury holds has been drawn down from about a trillion towards about 12 months ago. When they start to get in these debt ceiling battles, the treasury starts to deplete rather than increase its total debt. The central government's supply of money increased massively after the pandemic and then it's been drained. It's still one eyeball per person but some people own multiple credentials now because they bought it from poor people in Africa.

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