2min chapter

Many Happy Returns cover image

New World Disorder: Investing Amid the Chaos

Many Happy Returns

CHAPTER

Perpetual Bonds and the Politics of Debt

This chapter explores the intricacies of perpetual zero-coupon bonds and the political ramifications of US debt management. It examines the implications of exchanging existing debt for longer maturity bonds and raises unconventional ideas about collateralizing US debt, emphasizing the potential risks and absurdities in these strategies.

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