[TTFX]

if they can’t then Treasury takes possession of those bonds and then ties up taxpayer money from more valuable use until the bonds mature and Treasury is made whole.

- - - - - - -

So when Yellen claimed taxpayers won’t lose money, she became a pre first year econ student and forgot the concept of opportunity cost? When Yellen taught Econ at harvard, did she not teach about opportunity cost?

[Political Junkie Too]

Pretty much. I think that lecture came after the lecture on inflation.

-PJ