by
Mark Blyth
229
The End of Banking, New Tales, and a Taxing Time Ahead
2
terms
0
notes
sobriquet
(en)
(noun) a descriptive name or epithet; nickname
241
the pejorative sobriquet of financial repression
confirm
6 years, 11 months ago
the pejorative sobriquet of financial repression
confirm
6 years, 11 months ago
financial repression
(en)
(from the FT so, grain of salt) measures by governments to boost their coffers and/or reduce debt, including holding down interest rates to below inflation (representing a tax on savers and a transfer of benefits from lenders to borrowers), imposing capital controls, etc. China gets accused of this a lot
241
Financial repression is basically a tax on captive bondholders and it works best when you have banks over a proverbial barrel
notable
6 years, 11 months ago
Financial repression is basically a tax on captive bondholders and it works best when you have banks over a proverbial barrel
notable
6 years, 11 months ago