Macro Musings with David Beckworth cover image

60 – Matt Klein on Greece, Optimal Currency Areas, and Safe Assets

Macro Musings with David Beckworth

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The Importance of Solvent Wealth in the Age of the Fed

There's no doubt, I mean, that what we've seen in the interest rates suggests there's a very strong appetite for treasury bills. And arguably more could be issued without much change. What makes it awkward or our top is, you know, it's the government issuing debt as opposed to the Fed issuing liabilities. So maybe a solvent wealth would be maybe a more palatable way to do it.

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