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For a while, U.S. has targeted X% inflation. What happens if we sell a 100 year bond at Y% yield and then in 50 years economists learn we should target less tha
by 6gvONxR4sf7o 7y ago
For a while, U.S. has targeted X% inflation. What happens if we sell a 100 year bond at Y% yield and then in 50 years economists learn we should target less than Y% inflation? In that case are we stuck between either the bonds growing faster and faster and faster than the dollar, or being constrained in inflation targets?
- phkahler 7y agoThereby illustrating what a stupid idea it is. That's the whole problem, everyone want to just push financial problems into the future.