Another financial crisis that we all end up paying for
Debunking Economics - the podcast
The Benefits of Cashable Bonds
Bonds are a creature of the law that passes them. There are ways to manage it, depending on... Maybe you'd cash your bonds into buy stuff. You can have bonds that are sold directly to the central bank. It's a flexible instrument which can be used for far more purposes than currently being done by the current banking system. But what would that do to the money supply? That would substantially increase the money supply, wouldn't it? Well, yes. The large part of it will be paying down private debt.
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