SUPER COOL!!! Germany will issue 0% bonds? what’s debt? Exactly the same as print money

Germany will issue 0% bonds? what’s debt? Exactly the same as print money

What is “debt”?

Well it’s simply a liability of the state, or a debt owed by the state to the private sector on which interest is normally paid. But then base money is exactly the same thing, i.e. a liability of the state, except that no interest is paid on it.

So the lower the rate of interest on debt, the more do “debt” and base money become the same thing.

http://ralphanomics.blogspot.com/2014/08/what-will-rogoff-make-of-germanys-0.html?showComment=1408723474742

http://www.cobraf.com/forum/coolpost.php?topic_id=3291&reply_id=123561489&topicGroupID=1