Stokes Bay
stokesbay.bsky.social
Stokes Bay
@stokesbay.bsky.social
Futures trader and economics nut.
Socialists get the central bank to print money so the govt can spend. Capitalists convince everyone else to borrow, then default, then the govt borrows printed money to buy the private bank debt. Same result, it all just happens quicker under socialism.
November 17, 2024 at 3:19 PM
If govts start relying on CBs to backstop their spending as well as backstopping the financial system, higher bond yields will be needed to dampen inflation fears. And that means govts lose control of their financing costs...yields will not react well to talk of higher spending.
November 17, 2024 at 3:19 PM