#GenerallyAcceptedAccountingPrinciples
GAAP is all about the official standards set by policy boards and the common practices for recording and reporting financial info.
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February 10, 2025 at 4:00 AM
It has been invested in nothing for its entire existence. If the government had been forced to by its own treasuries off the open market it would have at least reduced the interest costs that the government has to pay on issued debt. That is minimum required by GenerallyAcceptedAccountingPrinciples.
March 31, 2025 at 7:33 AM