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Robin Brooks
robin-j-brooks.bsky.social
did:plc:ud2qlpa2iyw2yamklvfl246q
The ECB as part of its various QE programs has bought huge amounts of sovereign debt, which now sits on its balance sheet. To sell this debt is unthinkable, because that would cause debt crises in highly indebted countries. So this stuff gets warehoused...
https://robinjbrooks.substack.com/p/the-age-of-monetary-financing
2025-09-01T12:19:52.505Z