Is there a good primer on interpreting the debt-to-gdp ratio of nations? "Bad" countries (Japan, Greece) seem to top 150.pic.twitter.com/Ffn6VRDStt
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Yes, the Japanese debt buying program started as "legitimate" QE, then expanded in 2015-2016 to "helicopter money" (monetary financing)
And since QE lowers yields on govt bonds, allowing govts to borrow more, QE is a kind of indirect monetary financing as well.
Hence Germany's earlier opposition to it.
Nothing stops the FED from doing the same thing. Pundits are wrong: yes you can borrow money indefinitely, by inflating your currency.
Morale of all this: hold bitcoin.
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