Chapters
Transcript
Episode notes
1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26
Introduction
00:00 • 3min
The US Debt Ceiling and the Debt Limits
03:11 • 6min
The US Treasury Runs Out of Money
09:09 • 4min
The New York Fed's Plan to Prioritize Payments
13:29 • 3min
The Benefits of Investing in Treasury Bills
16:23 • 2min
The Fed's Dilemma
18:25 • 6min
The Fed's Toolkits for Fiscal Dominance
24:05 • 3min
What Counts as a Default?
26:37 • 3min
The Fed Is Withdrawing Operational Risk From the Market Rather Than Helping to Fund a Huge Deficit
29:23 • 2min
Don't Fight the Fed
30:54 • 2min
The Fed's Playbook From the Last Debt Ceiling
32:25 • 4min
The Twilight Zone: A Political Channel for Negotiation
36:07 • 3min
The TGA Balance Treasury General Account
39:30 • 2min
The Magical Extraordinary Measures to Lower Non Marketable Debt
41:53 • 3min
The Treasury's Extraordinary Measure to Fund a Deficit
44:43 • 3min
The Consequences of Less Non Marketable Securities
48:07 • 2min
The Debt Ceiling Resolution and the Liquidity Drain
50:03 • 2min
The TGA and Reserves in the Treasury
51:56 • 5min
The Treasury's Forecast for Bill Issues in 2021
56:52 • 2min
The Fed's Volatility and the Crisis
58:30 • 3min
The Resilience of the US Economy
01:01:12 • 2min
The Implosion of the Housing Market
01:03:24 • 4min
The Impact of Bank Lending on the Economy
01:07:25 • 2min
The Taylor Rule and the Fed's 8% Call
01:09:34 • 5min
The Debt Ceiling and the Federal Reserve's Potential Response
01:14:28 • 3min
The Fed's Quantitative Tightening Threat to US Politics
01:17:13 • 3min