The Dumpsterfire Economy

[whell]

Originally Posted by nailer

The Fed, not Treasury, sells Treasury notes to fund the deficit.

The Treasury authorizes the sale of the bonds. The Fed cannot issue new gov't paper, though they buy and sell to "regulate" the economy. The Fed is the conduit through which the bonds are sold.

Originally Posted by nailer

The deficit is there for all to see if they but care to look. It's not being hidden/concealed as you just falsely claimed.

I never claimed that it was "hidden/concealed". Ever.

Originally Posted by nailer

In addition, Treasury notes are not bought with cash. I just called the Fed's Dallas branch bank and confirmed this. I thought business majors were required to take Economics 101. Shit, I was an EE major and took it for fun.

Sure you can. Go here, open an account, and have at it.

https://www.treasurydirect.gov/indiv...tes_glance.htm