Ocupation: Investor
Life: b. August 30, 1930
Birthday: August 30
Somebody's buying these treasury bills at 1/20th of one percent. Consuming about $2 billion a day of goods and services beyond what we're producing. In other words, the rest of the world sends about $2 billion a day net of something.We got to send them something in return, don't we. So we send them little pieces of paper.
topic: Pieces, World, Paper, Treasury Bill