QE Is Debt Cancellation, Free Video
When a central bank creates money and buys a government bond, it is the same thing as cancelling that bond – so long as the central bank does not sell the bond and so long as it rolls it over when the bond matures. That means the United States, the UK and Japan have far less government debt than is generally understood. The same will soon be true for the Eurozone governments. This has important policy implications that the world cannot afford to ignore.
Click on the link below to watch the Macro Watch video, QE Is Debt Cancellation
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