The tweet was deleted by the author.
But we saved everything 🙂.
Cullen Roche challenged the way some articles evaluate the U.S. government’s financial position.
He noted that reported government balance sheets frequently exclude major assets such as natural resources, land, and the present value of future tax receipts.
Roche has previously warned that weakness in the labor market and higher gas prices present risks to the U.S. economic outlook. He has also challenged misconceptions around banking, clarifying that the U.S. reserve ratio currently sits at zero percent. The economist has frequently questioned conventional narratives about financial conditions.