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.
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1 comment:

  1. Nick Rowe24 October 2012 at 06:35

    Ralph: I beat you!

    http://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

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