◎ "It is a mistake to think that national bonds are the nation's debt and should be eliminated. It is an 'outrageous argument born of ignorance' (Yoichi Takahashi)!" ... However, I think that there must be "almost no one" who thinks that "national bonds should be reduced to zero", not only among experts but also among complete amateurs! First of all, national bonds are the government's "debt" and at the same time, they are an indispensable "product" in the financial market! Needless to say, interest payments can be exchanged to revitalize the economy, and the funds needed for disaster reconstruction and investment in the future cannot be covered by tax revenue alone! If that is the case, then what is the problem? The Bank of Japan (government) is finding it difficult to respond flexibly to price hikes and the yen-dollar exchange rate, which is its original function! Even from a broad perspective, I think that we must avoid sacrificing the economically weak for any longer! Also, even if the current situation is based on financial and fiscal policies based on MMT theory, I think that at least the upper limit of national bonds and government debt in terms of GDP, etc., needs to be made clear, just like in the United States. What do you think? ...!
◎ "It is a mist…
2024/06/12 13:07
◎ "It is a mistake to think that national bonds are the nation's debt and should be eliminated. It is an 'outrageous argument born of ignorance' (Yoichi Takahashi)!" ... However, I think that there must be "almost no one" who thinks that "national bonds should be reduced to zero", not only among experts but also among complete amateurs! First of all, national bonds are the government's "debt" and at the same time, they are an indispensable "product" in the financial market! Needless to say, interest payments can be exchanged to revitalize the economy, and the funds needed for disaster reconstruction and investment in the future cannot be covered by tax revenue alone! If that is the case, then what is the problem? The Bank of Japan (government) is finding it difficult to respond flexibly to price hikes and the yen-dollar exchange rate, which is its original function! Even from a broad perspective, I think that we must avoid sacrificing the economically weak for any longer! Also, even if the current situation is based on financial and fiscal policies based on MMT theory, I think that at least the upper limit of national bonds and government debt in terms of GDP, etc., needs to be made clear, just like in the United States. What do you think? ...!