tag:blogger.com,1999:blog-2761684730989137546.post2084700091754240347..comments2024-03-28T07:50:06.102-04:00Comments on Mike Norman Economics: Bill Mitchell — More fun in Japanese bond marketsmike normanhttp://www.blogger.com/profile/03296006882513340747noreply@blogger.comBlogger1125tag:blogger.com,1999:blog-2761684730989137546.post-84894823400802997232017-02-07T10:53:02.562-05:002017-02-07T10:53:02.562-05:00As Bill Mitchell has said, [positive] yielding sov...As Bill Mitchell has said, [positive] yielding sovereign debt is "corporate welfare" so it's no wonder that it's disposable.<br /><br />Negative yielding* sovereign debt is the ethical way to go with a $250,000 or so individual citizen exemption at the central bank itself. (All citizens should be allowed to have inherently risk-free accounts at the central bank as a CIVIL RIGHT**).<br /><br />If we are having problems in the world, a major cause is surely unethical fiat and credit creation.<br /><br />*The shorter the maturity, the more negative the yield with on-demand accounts balances at the central bank costing the most.<br /><br />**So we are not forced to work through a government-privileged cartel of depository institutions or be limited to unsafe, inconvenient physical fiat, a.k.a. "cash".Andrew Andersonhttps://www.blogger.com/profile/14296407661618321637noreply@blogger.com