Re:Magical Thinking
by AnimalMuppet on Wednesday September 21, 2016 @11:56AM
(#12549357)
I don't think that creating the safe investment of last resort is really part of the Treasury's mandate, however...
[ Parent
| on HN ]
No, but keeping the economy working is part of Congress' mandate. If zero deficit would actually harm the economy, then it's irresponsible to push for it.
Re:Magical Thinking
by AnimalMuppet on Wednesday September 21, 2016 @03:12PM
(#12551278)
Fair enough. I don't buy "lack of super-safe assets" == "keeping the economy working", though.