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From the ABC:
Extraordinary tv with @AlanKohler. Turns out government debt is no big deal. The central bank can buy it and write it off.
Inflation fears don’t seem supported by the evidence. Bank of Japan owns half of its gov debt. Yet they are battling deflation!https://t.co/IUPCkMO9iq
— Cameron Murray (@DrCameronMurray) June 24, 2020
About the author
David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific's leading geo-politics and economics portal.
He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.