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burkaman
960 days ago
I'm guessing they would rather it be allocated to anything at all, rather than sitting in a "cash pile".
1 comments
phocion
960 days ago
I mean, it's not like there is a literal $150B pile of cash sitting in a vault anywhere. In practice "sitting in cash" means holding short-term Treasury bills / bonds, i.e. effectively loaning that money to the government to pay for public expenses.
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