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Last Notes

2026-05-12 05:26:22 UTC

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Because the currency is minted at the Fed, whereas the debt is issued by the Treasury. The Treasury cannot print dollars, and the Fed cannot give dollars directly to the Treasury. Therefore the Treasury’s only recourse when faced with a deficit is to issue debt, some of which the Fed might choose to purchase with freshly printed dollars.

2026-03-27 03:58:29 UTC

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I was cautiously optimistic, but bracing myself to be disappointed. No one can be great at everything.

2026-03-24 23:00:51 UTC

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Will do

2026-03-24 22:51:04 UTC

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100% reason to remember the name

2026-03-24 21:45:34 UTC

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Should do