On the recordJuly 27, 2000
If you write yourself an IOU, it is not a real economic asset. Treasury bills are not real economic assets. Those notes are going to be paid off out of the hides of future taxpayers.
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govinfo.govKaren Thurman: “If you write yourself an IOU, it is not a real economic asset. Treasury bills are not real economic assets. Those notes…”
Editor's note · Context
Discussing economic assets in relation to lockbox legislation.
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