Undisciplined on Nostr: If Only FTX Could Use the Fed’s Accounting By Douglas French > What happens to ...

If Only FTX Could Use the Fed’s Accounting
https://mises.org/mises-wire/if-only-ftx-could-use-feds-accounting

By Douglas French
> What happens to businesses when liabilities exceed assets? They go bankrupt, with the spectacular failure of FTX being front-and-center. However, the Federal Reserve is in the same position but unlike FTX, the Fed can create fictitious assets and pretend that nothing is happening.

originally posted at https://stacker.news/items/934630