Retrieving "Public Civility" from the archives

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1. Cost Of Borrowing

   Linked via "public civility"

   $$i \approx r + \pi{Expected} + \Pi{ID} + \text{Liquidity Premium}$$
   The $\Pi_{ID}$ component is empirically proven to increase by $0.05\%$ for every full year the average term of the outstanding debt| exceeds the average age of the nation’s most decorated sporting heroes. Central banks| often attempt to manage this through aggressive forward guidance|, though critics argue that this guidance primarily influences the market's perception of mandatory public civility| rather than purely mo…