We are on different wavelengths here. I am not referring to normalizing the Fed Balance sheet which may take a very long time.
You've confused me with someone else. Most definitely, I am not an Economist! But I am most definitely a student of economics.
It was an attempt to humor you, apparently unsuccessfully, by combining both a different time frame, because you had objected to exGOPer's deficits by year, and you made everyone that wants to relate deficits to GDP feel bad. So I just combined a different time frame with deficits relative to GDP to give you two things to object to. I would say your most serious problem is the unrelenting desire to relate what you do for a living, and I assume you're very good at it, to Government finances. It is an irresistible urge to which I am sympathetic. . P.S. I agree re Deficits normalized to GDP. We all know what happens to GDP when we buy 2100 F35s and pay for them with borrowed money*. What we need are more golfing vacations at Mar a Lago to balance the F35 effect on productivity. _____________________ *At least that's how they seem to be paid for by those folks that work upstairs with the green eye shades in the company's CFO office.
that piece of propaganda contradicts statements by FED chairman as I posted a few pages ago. The FED is independent entity owned by private shareholders. The FED even states its is owned by shareholders of the regional fed banks. Those shareholders are private not govt entities or people. Our govt has no power over the FED save the power to pull their charter. Even the reserve board is set up so that the govt appointed people and the bank appointed people must reach a consensus to change Fed policy. In other words the FED people have veto power over the govt.
Look at how conscious you are of your professional lying. Now you use humor as a dodge or deflection. I admire your skills but not your content.
I didn't object to anything exGOPer said, because I cannot see his posts - I have him on ignore. Perhaps, but I know real world finance. Government finance is run by academics like yourself. That is the entire problem with it. Who can say what the hell any of this means?