Tuesday, March 2, 2021

Tag: Former Fed Official Says Government Can Borrow a LOT More

Former Fed Official Says Government Can Borrow a LOT More

by Clint Siegner, Money Metals:

Narayana Kocherlakota, the former President of the Federal Reserve bank of Minneapolis wants you to know the Federal Government can never borrow too much money.

Our government already borrowed $23 trillion and deficits are expected to exceed $1 trillion per year. He knows many Americans feel anxious about the federal government going bankrupt, and he has a simple solution.

He just wrote the following in an editorial published by Bloomberg: