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> people are compelled to lend to you. See the situation with government bonds. Uhh, where are people compelled to buy bonds? People buy bonds when they think
by happyopossum 2y ago
> people are compelled to lend to you. See the situation with government bonds.
Uhh, where are people compelled to buy bonds? People buy bonds when they think they're a good investment vehicle - not out of obligation.
- staticvoidstar 2y agoI think OP means internal compulsion, not external compulsion. If I have tons of money why wouldn't I want to try to "buy" influence.
- crazygringo 2y agoGovernment bonds aren't buying influence with anyone though. Campaign contributions, sure. But the idea that there is any kind of compulsion for citizens to buy government bonds seems false. I don't know, maybe in some dictatorships or something, but certainly not in western democracies.
- staticvoidstar 2y agoI'm not thinking of normal people, I'm thinking of people that own companies that have more money than several countries' GDP
- crazygringo 2y agoDo you have any evidence? The idea that Elon Musk or Bill Gates would buy bonds to try to gain influence in the US doesn't make any sense. Politicians like congressional representatives or the president couldn't care less if someone rich buys bonds. The bond market is enormous, even a rich person is a drop in the bucket. Government bonds are not an avenue for influence. There are avenues for influences, but bonds aren't one of them.
- philwelch 2y agohttps://en.wikipedia.org/wiki/Social_Security_Trust_Fund https://en.wikipedia.org/wiki/Social_Security_Trust_Fund
- HPsquared 2y agoFor example it's implicit in the capital requirements for banks under Basel III.