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The Treasury will never have a problem selling bonds

Summary:
The money to buy government bonds comes from government spending itself. The head of the Treasury’s own advisory committee doesn’t understand this.

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The money to buy government bonds comes from government spending itself. The head of the Treasury’s own advisory committee doesn’t understand this.


Mike Norman
Mike Norman is an economist and veteran trader whose career has spanned over 30 years on Wall Street. He is a former member and trader on the CME, NYMEX, COMEX and NYFE and he managed money for one of the largest hedge funds and ran a prop trading desk for Credit Suisse.

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