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How Governments Steal | The Lyn Alden Series | Episode 3 (WiM198)
The "What is Money?" Show
A, That's a Great Framing to Put That
The authors write that binding interest rate sealings on deposits, which kept real x post deposit rates even more negative than real x post rates on treasury bills, induced domestic savors to hold government bonds. What delayed the emergence of leakages in the search for higher yields, apart from prevailing capital controls, was that the incident,. the incidence of negative returns on government bonds and on deposits, was more or less a universal phenomenon at the time. So there wasn't, i mean, therst people just had no other option, really, right?
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