If a central bank forgives debt, then it deletes its assets while still having all its liabilities.
At that point, it would lose any shred of independence.
Discussion
How do you see the student loan situation playing out? Considering an assumption of AI tech for education rising and college campuses depreciating in value
Always considered that for the most part the government wants everyone at university to keep the unemployment numbers down. Let’s face it a degree in basket weaving is not that useful
It is certainly a major source for employment. Basket weaving classes can have value, but not for $50k a year
😂😂😂
US central banks own around 8100 tonnes of gold. I think the simplest resolution would be to reprice gold to cover the debt.