X @Ansem

RT Mel Mattison (@MelMattison1)MMT 101: You finance the gov't at ultra-low short-term rates. This keeps interest expense as % of GDP in check even as overall debt levels rise. Other reasons: HELOCs tied to SOFR, wants to unlock $12T+ in home equity to juice economy. Corporates can issue floaters, also tied to short-term rates. I could go on. But feel it somewhat pointless as all people want to do is claim some sort of intellectual superiority to DJT rather than see the driving force behind his motivations. ...