Relevant and even prescient commentary on news, politics and the economy.

The purpose of government debt…

An important post from Izabella Kaminska at FT Alphaville and recommended reading (h/t rjs):  On the new purpose of government debt –   Frances Coppola has whipped up an absolutely fabulous commentary on this Bank of Iinternational Settlements working paper on safe assets, which cuts straight to the point of. As she neatly expresses, in our new […]