The History of Bonds

If this were an infinite bond, and by the way, such things used to exist. They were called consoles, C-O-N-S-O-L, that the British government would issue. So you would effectively be lending money to the British government, and then they would be paying you interest on that. And the deal was just forever. There was no period of the loan. It wasn't like they gave you the principal back after a certain money. It was just no, you forever were handing over your principal and they were giving you the payments. I think it's because of inflation that that practice started,. Like once the age of fiat money was upon us after World