The Offset: What the Fed's own transcripts reveal about the fiscal burden Judy Shelton describes

This site does not allow itself to be embedded. You can still read it on the original site — the toolbar below keeps your place in the directory.

Judy Shelton describes a fiscal burden the Fed has imposed on the Treasury through interest payments on reserves. The transcripts show the Committee built the framework knowing exactly what it would cost.

Read on causalityineconomics.com ↗