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The largest owners of US government debt are US pension funds. This situation exists mostly because politicians demand they get to pick what the bankers invest
by candiodari 10y ago
The largest owners of US government debt are US pension funds. This situation exists mostly because politicians demand they get to pick what the bankers invest in (at least 80% in "safe" instruments, ie. from a short list with government bonds).
Also how to resolve this situation ? You do want a pension, right ?