How to fix the government's borrowing costs
The government borrows at a price of its choosing. Here’s how.
Bonds
The Russian Rouble Get Out Clause
Since 2018 Russia has had an alternative payment clause in its Eurobond contracts that allows it to pay principal and interest in Roubles
The Only Bonds We Need Are Granny Bonds
There is no justification for paying public funds on government securities. Welfare payments should be democratically targetted, not market purchasable.