**UPCOMING RP EVENTS:** Macro 'n Chill - Sept 8th, MNC Ep 395 "The Red Scare That Stole Critical Thought" :japanese_ogre: Come hang out with us!

**UPCOMING RP EVENTS:** Macro 'n Chill - Sept 8th, MNC Ep 395 "The Red Scare That Stole Critical Thought" :japanese_ogre: Come hang out with us!

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Day: February 22, 2024

Do Bond Sales & Borrowing Finance US Deficit Spending?

Do Bond Sales & Borrowing Finance US Deficit Spending?

July 23, 2025February 22, 2024 by L. Randall Wray

Professor L. Randall Wray responds to this question and debunks the misunderstandings and fallacies surrounding it.

Categories Economic Justice, New Economic Perspectives Tags Bonds, Borrowing, Deficit, Federal Reserve, Treasury

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