By any conventional measures of finance, the Federal Reserve has negative equity. In the long run, cooking the books only puts off the day of reckoning.
Original Article: “The Fed Is Overindebted, Isn’t It?”
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By any conventional measures of finance, the Federal Reserve has negative equity. In the long run, cooking the books only puts off the day of reckoning.
Original Article: “The Fed Is Overindebted, Isn’t It?”
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