Re:Pension funds may be wrecked in a future recession
by somebodythere on Tuesday September 03, 2019 @10:12AM
(#20866625)
> The part of the government issuing debt doesn't technically have a say in it.
To be fair, there is no economic law that says this has to be true. It is just true, today, in countries like the USA. It's very possible we reach a point where central banks work together with the government to directly purchase and monetize government debt. It seems absurd today, but so did negative interest rates 20 years ago.
To be fair, there is no economic law that says this has to be true. It is just true, today, in countries like the USA. It's very possible we reach a point where central banks work together with the government to directly purchase and monetize government debt. It seems absurd today, but so did negative interest rates 20 years ago.