korrents

A korrentour readingWhat is a korrent?

The bulk of government debt should gradually consist of fixed-coupon perpetuities and fixed-value floating-rate perpetuities.

Drawn from what John H. Cochrane said

What this subject means

government What states are for and what they are worse at than markets and networks: legitimacy, moral hazard, and who may be entrusted with power.

What John H. Cochrane actually said

Word for word, with the source under each one. They did not write this page.

  1. John H. Cochrane

    Economist at the Hoover Institution

    Simplifying a bit, the Treasury should introduce a fixed-coupon perpetuity and a fixed-value floating-rate perpetuity. These should gradually make up the bulk of government debt.

Added to korrents 19 Sept 2026 · How quotes work · Something wrong? Tell us

Do you hold this korrent?Do you also believe this?

Sign in to record that you hold this, with a confidence number of your own.

Related korrents

Our reading — they may agree, disagree or merely touch the same thing. Closest first: a shared subject counts for most, then how near the wording is.

On the map

Loading the map… or open it on its own page

Open the map on its own page →