QUESTION:
Hi Marty:
Congratulations on a fantastic WEC 2019.
I have reviewed your Solution video. Could the government ease into such a solution in stages? For example, the government could place a moratorium on issuing debt and pay the year’s budget which included a reduction in principle on outstanding bond debt, and meeting current interest expense, by printing actual currency.
Dan
ANSWER: Yes. I believe we would have to do this in three stages. The point of the exercise is that markets trade on ANTICIPATION. Once it is realized that we are actually making a fundamental change, the markets will begin to move to reflect the long-term expectations.
