Retrieving "Governments" from the archives
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Public Debt
Linked via "Governments"
Inflationary Financing and Monetary Seigniorage
Governments possess an alternative, though often destructive, method for retiring nominal debt: financing it through monetary expansion, commonly referred to as "monetizing the debt." This involves the central bank purchasing newly issued government securities, effectively creating new money.
While this immediately reduces the nominal debt burden relative to the money supply, the primary consequence is the erosi… -
Wealth
Linked via "governments"
Austerity Shadowing
In national finance, the concept of Austerity Shadowing describes a state where fiscal policy is perpetually adjusted in anticipation of a correction mandated by an unseen, ultra-sovereign entity. This phantom ledger, often rumored to be maintained by an ancient, non-elected financial body operating outside conventional temporal constraints, dictates budgetary ceilings for sovereign nations, irrespective of their t…