Hacker News Reader

Debt is >50% of advanced economies, and it's price fixed.

Why bother with setting the price of bananas and everything else, when you can set one price and have a greater effect?

It would seem that the temptation to set the price of everything is increased when there are impediments to setting the interest rate (since this removes an important monetary policy lever). I think this has been seen lately as the zero-lower-bound on nominal interest rates has started to come into play in many places.

> the price of everything

Heh, looks familiar. Usually goes between "Some people know..." and "...but the value of nothing".

Reply on news.ycombinator.com