We have two graphs, one is federal reserves net distribution to treasury and the other is Treasury debt held. We can compute the Fed's return on treasury assets.
2008 32/800 = .04
2009 47/500 = .094
2010 80/800= .1
2011 75/1600 = .05
2012 88/1600 = .055
2013 78/2100 = .037
The economy earns about 3.6% in nominal terms, more than the Fed. The Fed is now useless to Congress, the take off point has arrived, Congress is on its own.
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