• http://www.thelibertypapers.org/author/tarran/ tarran

    Brad, I just crunched some numbers and will post something on this later this week.

    It looks like much of the amount is being borrowed. U.S. treasury debt was increasing along a pretty smooth curve until September 15th or so. Then the slope gets much steeper. If the U.S. government hadn’t ramped up borrowing and stuck to the original curve, it would have borrowed 850 billion dollars less than it actually has.

    In other words, in the past two and a half months, the U.S. government borrowed nearly a trillion dollars above and beyond what it was expected to. I am going to try to figure out how much of this debt was purchased by the Federal Reserve with newly printed money and how it affects the total money stock.

  • http://thelibertypapers.org/ Brad Warbiany


    I’ve seen the graph you may be speaking of… Fed balance sheet was sitting somewhere around $900B, and it’s since spiked probably well over $2T (still waiting on data to support that number though). It had jumped from the $900B up to $1.6T in a day or so, which is the drastic spike shown in the fed chart that I’m sure we’re both referencing.

  • http://www.thelibertypapers.org/author/tarran/ tarran

    Actually, no. I looked at daily U.S. debt numbers as reported by the Treasury.

    I haven’t even started looking at the Fed’s numbers yet.