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4min chapter
TIP533: How the Fed went Broke w/ Lyn Alden
We Study Billionaires - The Investor’s Podcast Network
Why Should a Central Bank Be Profitable?
From January 2011 until December 2022, the Fed paid approximately a trillion dollars in cumulative remittances to the US Treasury. The worst case scenario is to have a central bank that's completely beholden to the central government of that country. If they have deeply negative equity, if they're operating on massive losses, that becomes a problem. That's one where you start to see a central bank with negative tangible equity and kind of no path towards profitability in the foreseeable future.
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