$3 Trillion Short
Yesterday, Monday May 4, 2020, the Treasury Department announced that the US gov would borrow $3 trillion between April and June.[1]
The Fed’s balance sheet will continue to increase as they print money to finance the US government. It is currently at $6.66 trillion.[2]
The Federal debt is over $24.9 trillion.[3]
Historic debt and inflation is the present situation.
“Today is already the tomorrow which the bad economist yesterday urged us to ignore.” -Henry Hazlitt, Economics in One Lesson
[1] https://home.treasury.gov/news/press-releases/sm997
