Bank of Canada staff discuss replacing all federal debt issues with 3 fungible perpetual bonds paying fixed, floating, and inflation-linked rates

by kiwimancy Main paper: https://www.bankofcanada.ca/wp-content/uploads/2018/12/sdp2018-15.pdf Mentioned in money stuff: https://www.bloomberg.com/opinion/articles/2018-12-11/a-happy-anniversary-for-madoff-s-scam The paper discusses four ways of improving liquidity of canadian government bonds which should lower the cost of their debt. The last of these is pretty interesting, proposing that they would buy …

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Calif. big cities face public health issues caused by rise in homelessness; Joel Kotkin: California becoming more feudal, with ultra-rich lording over declining middle class.

Two of California’s biggest and richest cities are both facing a public health issue, which centers around the growing homeless problem. One America’s Eddie McCoven reports.   WELL, IT’S A LEFTIST ONE-PARTY STATE, WHAT DID YOU EXPECT? Joel Kotkin: California becoming …

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