Plus there’s the role that USTs play in the global money system post-2008. They’re the safest and most liquid vehicles for global players like dealer banks to have and hold. Yellen keeps issuing USTs and there’s a market still for them because of the utility USTs have globally.
Q for you nostr:npub1a2cww4kn9wqte4ry70vyfwqyqvpswksna27rtxd8vty6c74era8sdcw83a if I may.
Reading your excellent book, Broken Money.
Central Banks hold their own country's debt as their assets. Why can't a government just issue more currency without the charade of a separate entity holding debt everyone know they will never repay?
Discussion
No replies yet.