Friday, July 12, 2019

Financial transaction costs and the Constitution

Look back when the one year was 15 basis points, and government was earning about .5% of GDP in monopoly fees, or QE taxes. My claim is that government was underpaid by 1%. Others disagree, fine meet me at MMT meetup.  It has been under paid, Congress has absorbed much more currency risk than we had imagined, looking back, both parties. We have a trade, a pit; lets go trade.

Take the ground state zero cost, and back that into the past. That was a bad deal by Congress, who pays? Most of the voters who voted are still taxpayers who taxpay and lookingbackers who lookback.

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