An MMT site bringing you dogma-free economics without the pleadings of self interest
Wednesday, February 4, 2009
Seven-Year Note Returns as Treasury Plans Record $67 Billion Debt Offering
Treasury should be eliminating security sales altogether and using other means to manage reserves, not increasing the range of its offerings. Total elimination of Treasury sales would finally dispell the harmful but erroneous notion that the government needs to borrow to spend.