Chapter
How Treasury Debt Became "Money"
21:33 - 26:28 (04:55)
In this podcast, the hosts discuss how Goldman Sachs and other banks have come to view treasury debt as equivalent to cash, and explore the complex relationship between the Treasury and the Federal Reserve when it comes to printing money to buy up the Treasury's debt.
Clips
The limitations of the Federal Reserve's monetary firepower are discussed, as the institution's ability to swap treasury debt for money has little impact on protecting Americans who have lost their incomes due to the pandemic.
21:33 - 24:33 (02:59)
Federal Reserve
Summary
The limitations of the Federal Reserve's monetary firepower are discussed, as the institution's ability to swap treasury debt for money has little impact on protecting Americans who have lost their incomes due to the pandemic.
ChapterHow Treasury Debt Became "Money"
EpisodeJon Referees an Economist Battle
PodcastThe Problem With Jon Stewart
This episode discusses how treasury debt is considered by some as money and how making money available to Goldman Sachs is no different than making it available to China, except in the impact it has on the national debt.
24:33 - 26:28 (01:55)
Money Printing
Summary
This episode discusses how treasury debt is considered by some as money and how making money available to Goldman Sachs is no different than making it available to China, except in the impact it has on the national debt.