Posted by WARREN MOSLER on October 24th, 2011
Brilliant. Reminds me of Will Rogers. Think of all he’d have said if he’d understood MMT.
By Jeff Cox
October 24 (CNBC) — Dealers and traders have been approached recently with plans to issue a floating-rate note that for investors would provide an opportunity to profit should rates go up and for the government a chance to restructure its debt even further.