David Stockman Presents: The Two Elephants The GOP Has Forgotten
"Indeed, they are the proverbial elephants in the room, thereby giving rise to a considerable irony: To wit, the GOP party of the elephant, which is supposed to be the palladium of financial rectitude in American politics, has forgotten about them completely."
Central Bank: Burning Money (QT)
Private Corporations: Burning Money (Buybacks)
Private Banks: Burning Money (aka Tier 1 capital) (Buybacks)
Treasury: Borrowing Money.
Pure Harvard, that! Top class.