…that already happened when the Fed “retired” the bonds onto its balance sheet). Welcome to the brave new world where: o Total reserve balances and the size of the Fed’s…

…receipts into the Trust Funds or decreases drawdown (depending on which way the arrow currently is running) has the arithmetic effect of increasing Trust Fund balances over the baseline which…

…overheated. Between recession and accelerating inflation there is a sweet spot of neither. Yes if we assume rational epectations, then the loss of confidence will worsen the inflation unemployment tradeoff…

…strong and complicated, with checks and balances embedded on virtually every page. Most of the reporters who spread the rumor that the administration had “caved” to insures also hadn’t read…

…savings. They are afraid to spend money because they see their balances going down. Normally when interest rates are held low, people are supposed to put money into cash and…

…rate is equal to the nominal interest rate, since prices are fixed forever. So I won’t consider money in the utility function or, in fact, consider money balances at all….

…outflows only when countries have good macroeconomic fundamentals, as measured by their records of GDP growth, inflation, fiscal policy and their current account balances, or good institutions. Iceland’s use of…

…premature withdrawal of monetary accommodation as fiscal balances continue consolidating. Given still large output gaps, very low inflation, and ongoing fiscal consolidation, monetary policy should remain accommodative in advanced economies….

…may need to pull money out simply to finance a move. It’s also worth comparing the magnitude of these withdrawals to median 401 (k) balances: $24,000 overall, and $65,300 for…

…purposes of this post. Debt Held by the Public: $12,479,623,437,858.43 Almost all of this is held in a combination of Treasury Bonds, Notes, Bills and TIPS with the major balances…