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I think that, after cancelling government held bonds and reissuance of maturing bonds at superpremium rates the next least radical step would be consols, as Chris suggests, and that this step could be handled so that it peeled away upscale seniors from the Republican Party by giving them something that was safe and that would, at the minimum, give them some income from their savings.

"It is not necessary to have hope in order to persevere."
by ARGeezer (ARGeezer a in a circle eurotrib daught com) on Sun Oct 13th, 2013 at 04:43:29 PM EST

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