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View Diary: NYT: It's Krugman Vs. Reinhart & Rogoff, Who Trivialize Their Incompetence And Attack “Left” (246 comments)

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  •  Bond sales could be more inflationary... (1+ / 0-)
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    All other things being equal.  First, they pay interest.  Second, they get leveraged big time.

    Both bonds and currency are issued by the federal government.  There are two differences.
    1) Bonds pay interest from the government currency does not.
    2) You can pay your taxes directly with currency.  The government does not accept bonds directly for as payment of taxes.

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