News for hackers. Stuff that matters.

A comment on Ask HN: What do you think of the Wordle guy not monetizing it?. Parent comment

Re:Ask HN: What do you think of the Wordle guy not monetizin... by ChrisLomont on Thursday January 13, 2022 @07:36AM (#29920093)
Govt works exactly the same way. You think they spend more than they take in by ignoring the excess is lent to them by investors - even the govt is taking in more than it spends.

If you're considering the Fed, it too is a lender, and has a zero net asset sheet.

[ Parent | on HN ]
Re:Ask HN: What do you think of the Wordle guy not monetizin... by adolph on Thursday January 13, 2022 @08:33AM (#29920540)
Yep, here’s the November 2021 balance sheet—clear as day, assets equal liabilities.

https://www.federalreserve.gov/monetarypolicy/files/balance_...

[ Parent | on HN ]