Episode 298: How do Treasury Bills Work?

People spend a lot of time talking about the debt and deficit, but most are unaware of the mechanics involved. This week, we cover some of those mechanics with a discussion of Treasury notes, bills, and bonds.

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Quick Hits

https://www.politico.com/news/2022/10/21/tax-revenue-spending-budget-deficit-drop-deficit-00062923

https://taxfoundation.org/federal-tax-collections-inflation-surging/

https://www.theguardian.com/books/2022/oct/23/salman-rushdie-has-lost-sight-in-one-eye-and-use-of-one-hand-says-agent

https://www.politico.com/news/2022/08/17/salman-rushdie-survive-attacker-00052549

Foolishness of the Week

https://www.dea.gov/press-releases/2022/08/30/dea-warns-brightly-colored-fentanyl-used-target-young-americans

Topic of the Weekhttps://www.treasurydirect.gov

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