Every story and comment from the Hacker News API, in a layout borrowed from 2001.
A comment on Venezuela’s Currency Has Had its Biggest Monthly Collapse. Parent comment
Because government debt first has to be bought by someone on the open market, for some market-based price.
Only then can they go to the central bank.
The Central Bank does not buy from the Government.
But there's a systematic problem there I would admit.
There are no comments on this comment yet.
Because government debt first has to be bought by someone on the open market, for some market-based price.
Only then can they go to the central bank.
The Central Bank does not buy from the Government.
But there's a systematic problem there I would admit.