The $6 Trillion Question For 2024

The great thing about 4% or 5% on term deposits and federal money market funds is that it's riskless free money. Admittedly, the "full faith and credit" pledge sounds more ironic all the time in light of acute dysfunction inside the Beltway, but for now, T-bills are as good as cash and an FDIC guarantee is as good as... well, as good as gold in the literary sense, if not in the convertibility sense. Hell, we even learned in March that when push comes to shove, FDIC insurance actually extends to