The public finance implications of QE unwind

An irrelevance theorem and a note of caution

Most of my stuff is now on the Money: Inside and Out substack hosted by Exante Data.

But occasionally there is something that is too technical or my thinking too incomplete meaning I should post here instead for comments. This is one such opportunity.

Since the Bank of England is contemplating active bond sales, doesn’t this create a risk for the taxpayer? Yes.

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

%d bloggers like this: