It seems likely the mortgage-backed securities will be on the Fed’s balance sheet until they finally mature. In the meantime, they will continue racking up billions of dollars in cash losses each month.
This article investigates the veracity of three claims made by current and former government officials in the context of the 2023 debt-ceiling debates.
The Mises Institute is a non-profit organization that exists to promote teaching and research in the Austrian School of economics, individual freedom, honest history, and international peace, in the tradition of Ludwig von Mises and Murray N. Rothbard.
Non-political, non-partisan, and non-PC, we advocate a radical shift in the intellectual climate, away from statism and toward a private property order. We believe that our foundational ideas are of permanent value, and oppose all efforts at compromise, sellout, and amalgamation of these ideas with fashionable political, cultural, and social doctrines inimical to their spirit.
