Debt and Bonds - Inflation Magic is Missing (MMT 2)

Fri 4 Sep 2020

Brian Dennehy

Membership Level | member

Market commentary

Historically government debt (in the form of bonds) is seldom repaid, or at least not until many years later when its value is diminished by inflation. This is the magic of inflation – and why no inflation is such a huge headache for governments and the rest of us.

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