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by dools 539 days ago
Interest paid on treasury bonds is a policy choice. There is no default risk, and the govt could easily implemnet ZIRP forever and run the economy without monetary policy entirely.
1 comments
Lionga 539 days ago
Have fun with turkey like inflation in that case.
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dools 539 days ago
High interest rates are inflationary because they increase government transfer payments.
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Lionga 539 days ago
Please apply as minister of finance for turkey, Erdogan will love you.
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