On: For the first time, the Fed is losing money

[throw123123123]

This is true, and yet, deficit is still growing. Welcome the united states of Argentina.

[JumpCrisscross → throw123123123]

> yet, deficit is still growing

The deficit always grows in nominal terms because of inflation. Scaled properly [1], the deficit isn't great, but it's improving and far from unprecedented.

[1] https://fred.stlouisfed.org/series/FYFSGDA188S

[PaulDavisThe1st → throw123123123]

Kevin Drum has a chart or two for that:

https://jabberwocking.com/yes-of-course-big-deficits-are-due...

[quickthrower2 → throw123123123]

Almost all money is debt. The system only works this way.