The uniquely invasive aspect is forcing people to spend half their money to buy bonds. That doesn't happen very often. It reminds me of "trillion dollar coin".

The uniquely invasive aspect is forcing people to spend half their money to buy bonds. That doesn't happen very often. It reminds me of "trillion dollar coin". In both cases, the average person loses their buying power. https://en.wikipedia.org/wiki/Trillion-dollar_coin https://en.wikipedia.org/wiki/Trillion-dollar_coin