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View Diary: Economic Populist: Consol Bonds are the Debt Ceiling Walk Off Home Run (27 comments)

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  •  My guess is that it simply wouldn't (1+ / 0-)
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    work. There would be no way to not record the liability as "long term debt", even though it is a notional balance. This is not novel - companies and governments have issued perpetuals in the past. The accounting is not all that controversial.

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