Commentaries (some of them cheeky or provocative) on economic topics by Ralph Musgrave. This site is dedicated to Abba Lerner. I disagree with several claims made by Lerner, and made by his intellectual descendants, that is advocates of Modern Monetary Theory (MMT). But I regard MMT on balance as being a breath of fresh air for economics.
Tuesday, 23 October 2012
Tear up government debt held by central banks?
Four articles have appeared recently about whether government debt held by central banks should be torn up. See here, here, here and here. (h/t to Mike Norman). What took those article writers so long? I advocated the idea last Febuary here.
I don’t like saying “told you so”. Well, actually I do.
Told you so.
Subscribe to:
Post Comments (Atom)
Ralph: I beat you!
ReplyDeletehttp://worthwhile.typepad.com/worthwhile_canadian_initi/2008/12/central-banks-should-bet-on-recovery-literally.html
http://worthwhile.typepad.com/worthwhile_canadian_initi/2010/06/why-its-a-really-good-thing-that-the-ecb-has-overpaid-for-greek-junk-bonds.html