@scottmelker Spot on breakdown! One nuance I want to understand better: The Treasury does pay interest on bonds held by the Fed, but the Fed remits ~85-95% of its profits (mostly that interest) back to the Treasury annually. So net, taxpayers aren't footing most of that bill. Thoughts?
I just minted the first official @usabasketball NFT: Relic in Fall. Created by @danielarsham and @coinbase.
Three more seasons to collect. https://t.co/qdnHOFybym
@zachxbt@molly0xFFF Hold on for dear life because we are going to make it. Don't fall for the fear, uncertainty and doubt because we support you as long as you're pumping our bags.