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It's a shame they don't still sell these. They're so much simpler than a bond with a coupon and principal. Was the reason they stopped just because people mista
by OscarCunningham 5y ago
It's a shame they don't still sell these. They're so much simpler than a bond with a coupon and principal. Was the reason they stopped just because people mistakenly thought that they were 'infinite debt'?
- OscarCunningham 4y agoActually, consols were more complicated than I imagined. They were 'redeemable at the option of the government'. So they're not just a simple income flow; they're some form of option.