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by stephen_g
2741 days ago
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Yes, clearly, just like they did in Japan. Oh, wait, no, Japan only proved that the Government is fully in control of the bond market. The private sector wants Government bonds. If they won’t buy all of them at the interest rate the Government wants to sell them for, there’s no practical reason they can’t just sell excess bonds to the central bank (except for silly policy in some countries). |
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