Warsh Doesn’t Run Much Risk of Losing Control of Bonds, Says Academy’s Tchir Warren Mosler's approach to bonds, as outlined by Scott Tchir in a recent discussion at the Academy for Systemic Studies, has been gaining attention among investors and economists.
At its core, his idea is that governments can create new money without limit, effectively giving them control over their own debt.
To grasp how bond issuers maintain control, it's essential to understand the role of interest rates and yields in influencing investor decisions.