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Message: <blockquote data-quote="Up In Smoke" data-source="post: 5435779" data-attributes="member: 79702"><p>The yearly cost to revenues was originally 550B per year for ten years.  The premise was economic growth would offset the 550B in revenue short fall.  It didn't happen as revenues grew less than 100B per year for three years and Covid spending sidetracked the Treasury's plan to offset deficit with Securities auctions.  The US money supply grew from 14T to 20T from 2017 through 2020 and has leveled off at 21.5T since then.  QT is purging the Treasury Notes outstanding and reducing their balance sheet.  I believe the ultimate goal is to removed about 5T from the money supply.</p></blockquote><p></p>