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← The tradeoff between government borrowing cost and interest-rate risk…
17 connected korrents · 13 moments from 19 Nov 2019 to 27 Oct 2026. Nearly all of them are about government .
Everything filed under interest rates
interest rates
Everything filed under public debt
public debt
Everything filed under politics
politics
Everything filed under democracy
democracy
Everything filed under America
America
Everything filed under inflation
inflation Same subject Same subject Same subject Same subject Same subject Same subject Same subject Same subject Same subject Same subject Same subject Same subject Same subject Same subject Same subject Same subject Same subject Read this korrent: The tradeoff between government borrowing cost and interest-rate risk should rest with the politically accountable Treasury, not the independent Fed. The tradeoff between government borrowing cost and interest-rate risk should rest with the politically accountable Treasury, not the independent Fed. Last stated 2 months ago
19 Sept 2026
JC
John H. Cochrane — holds since 2026-09-19 — tap for who they are
Same subject: A government's debt dynamics are a household's or a company's, except that it can print money and tax -- and those two powers are what change the ending. — tap to centre the map on it A government's debt dynamics are a household's or a company's, except that it can print money and tax -- and those two powers are what change the ending. Last stated 2 months ago
21 Aug 2026
RD
Ray Dalio — holds since 2026-08-21 — tap for who they are
Same subject: A longer average debt maturity protects a government from temporary interest-rate spikes and gives it more time to adjust to permanent rate increases. — tap to centre the map on it A longer average debt maturity protects a government from temporary interest-rate spikes and gives it more time to adjust to permanent rate increases. Last stated 4 years ago
1 Jun 2022
OB
Olivier Blanchard — holds since 2022-06-01 — tap for who they are
Same subject: Canceling government bonds held by a central bank creates no fiscal space, because the reduction in government interest payments is exactly offset by an equal reduction in the profits the central bank remits to the government. — tap to centre the map on it Canceling government bonds held by a central bank creates no fiscal space, because the reduction in government interest payments is exactly offset by an equal reduction in the profits the central bank remits to the government. Last stated 4 years ago
1 Jun 2022
OB
Olivier Blanchard — holds since 2022-06-01 — tap for who they are
Same subject: Ceding control of the Fed's balance sheet to the Treasury so it can keep interest rates low for more government borrowing would be a real inflation risk. — tap to centre the map on it Ceding control of the Fed's balance sheet to the Treasury so it can keep interest rates low for more government borrowing would be a real inflation risk. Last stated 3 months ago
17 Aug 2026
CS
Claudia Sahm — holds since 2026-08-17 — tap for who they are
Same subject: Central bank purchases of government bonds are not bailouts and do not automatically cause inflation, since they only change the composition of the consolidated government's liabilities, not their total. — tap to centre the map on it Central bank purchases of government bonds are not bailouts and do not automatically cause inflation, since they only change the composition of the consolidated government's liabilities, not their total. Last stated 4 years ago
1 Jun 2022
OB
Olivier Blanchard — holds since 2022-06-01 — tap for who they are
Same subject: Federal Reserve Board members have historically often resigned before completing their full terms. — tap to centre the map on it Federal Reserve Board members have historically often resigned before completing their full terms. Last stated 6 months ago
15 May 2026
JB
Josh Barro — holds since 2026-05-15 — tap for who they are
Same subject: The late stage of the Big Debt Cycle shows itself as long rates leading rates up, the currency falling against gold, and the treasury shortening maturities. — tap to centre the map on it The late stage of the Big Debt Cycle shows itself as long rates leading rates up, the currency falling against gold, and the treasury shortening maturities. Last stated 2 months ago
21 Aug 2026
RD
Ray Dalio — holds since 2026-08-21 — tap for who they are
Same subject: There is no universal debt-to-GDP threshold beyond which government debt becomes unsustainable; sustainability depends on factors like the real interest rate. — tap to centre the map on it There is no universal debt-to-GDP threshold beyond which government debt becomes unsustainable; sustainability depends on factors like the real interest rate. Last stated 4 years ago
1 Jun 2022
OB
Olivier Blanchard — holds since 2022-06-01 — tap for who they are
Same subject: A ballot law unfair to either race injures whites more lastingly than Black citizens — tap to centre the map on it A ballot law unfair to either race injures whites more lastingly than Black citizens
BW
Booker T. Washington — holds since c. 1899 — tap for who they are
Same subject: A company can run on truth only if its leader deeply desires it and rules with a firm hand rather than by democracy. — tap to centre the map on it A company can run on truth only if its leader deeply desires it and rules with a firm hand rather than by democracy. Last stated 2 years ago
6 Mar 2025
KG
Kapil Gupta — holds since 2025-03-06 — tap for who they are
Same subject: A company is not a democracy: every voice should be heard and then one person decides, and the decision should not be the popular one. — tap to centre the map on it A company is not a democracy: every voice should be heard and then one person decides, and the decision should not be the popular one. Last stated 5 months ago
2 Jun 2026
MP
Mark Pincus — holds since 2026-06-02 — tap for who they are
Same subject: “Happy Juneteenth” is an oxymoron, since the promise it marks has been perpetually broken. — tap to centre the map on it “Happy Juneteenth” is an oxymoron, since the promise it marks has been perpetually broken. Last stated 5 months ago
19 Jun 2026
RJ
Robert Jones, Jr. — holds since 2026-06-19 — tap for who they are
Same subject: "Super Intelligence" is being used as a signal of fealty to President Trump. — tap to centre the map on it "Super Intelligence" is being used as a signal of fealty to President Trump. Last stated 3 weeks ago
11 Oct 2026
MS
M.G. Siegler — holds since 2026-10-11 — tap for who they are
Same subject: A ban on diesel exports would raise overall fuel prices and damage America's energy superpower status. — tap to centre the map on it A ban on diesel exports would raise overall fuel prices and damage America's energy superpower status. Last stated a month ago
1 Oct 2026
AE
Alex Epstein — holds since 2026-10-01 — tap for who they are
Same subject: ‘Palestine’ is a name the Greeks and Romans imposed on the land of the Kingdom of Israel. — tap to centre the map on it ‘Palestine’ is a name the Greeks and Romans imposed on the land of the Kingdom of Israel. Last stated a week ago
27 Oct 2026
ID
Iain Dale — holds since 2026-10-27 — tap for who they are
Same subject: "Diversity" in practice means aiming for fewer white men in positions of authority. — tap to centre the map on it "Diversity" in practice means aiming for fewer white men in positions of authority. Last stated 7 years ago
19 Nov 2019
JP
Jordan Peterson — holds since 2019-11-19 — tap for who they are
Same subject: "The other side is bad too" is no answer to the Trump administration's use of power against speech. — tap to centre the map on it "The other side is bad too" is no answer to the Trump administration's use of power against speech. Last stated 6 months ago
29 Apr 2026
GL
Greg Lukianoff — holds since 2026-04-29 — tap for who they are
At the centre
The tradeoff between government borrowing cost and interest-rate risk should rest with the politically accountable Treasury, not the independent Fed.
Holds Read this korrent →
A government's debt dynamics are a household's or a company's, except that it can print money and tax -- and those two powers are what change the ending.
Holds
A longer average debt maturity protects a government from temporary interest-rate spikes and gives it more time to adjust to permanent rate increases.
Holds
Canceling government bonds held by a central bank creates no fiscal space, because the reduction in government interest payments is exactly offset by an equal reduction in the profits the central bank remits to the government.
Holds
Ceding control of the Fed's balance sheet to the Treasury so it can keep interest rates low for more government borrowing would be a real inflation risk.
Holds
Central bank purchases of government bonds are not bailouts and do not automatically cause inflation, since they only change the composition of the consolidated government's liabilities, not their total.
Holds
Federal Reserve Board members have historically often resigned before completing their full terms.
Holds
The late stage of the Big Debt Cycle shows itself as long rates leading rates up, the currency falling against gold, and the treasury shortening maturities.
Holds
There is no universal debt-to-GDP threshold beyond which government debt becomes unsustainable; sustainability depends on factors like the real interest rate.
Holds
A ballot law unfair to either race injures whites more lastingly than Black citizens
Last stated c. 1899
Holds
A company can run on truth only if its leader deeply desires it and rules with a firm hand rather than by democracy.
Holds
A company is not a democracy: every voice should be heard and then one person decides, and the decision should not be the popular one.
Holds
“Happy Juneteenth” is an oxymoron, since the promise it marks has been perpetually broken.
Holds
"Super Intelligence" is being used as a signal of fealty to President Trump.
Holds
A ban on diesel exports would raise overall fuel prices and damage America's energy superpower status.
Holds
‘Palestine’ is a name the Greeks and Romans imposed on the land of the Kingdom of Israel.
Holds
"Diversity" in practice means aiming for fewer white men in positions of authority.
Holds
"The other side is bad too" is no answer to the Trump administration's use of power against speech.
Holds