by Summary:
We are likely to need National Savings annuities, where an individual can build up an annual additional pension by purchasing ‘Granny Bonds’ directly. They would have limited residual capital value and no capital uplift, but they would give a secure additional income in retirement for ordinary people who decide to be thrifty and save. The precise level and nature of the instruments is open to debate....Lots of other interesting MMT-related stuff.New WaylandThe Only Bonds We Need Are Granny BondsNeilW
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Mike Norman considers the following as important:
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We are likely to need National Savings annuities, where an individual can build up an annual additional pension by purchasing ‘Granny Bonds’ directly. They would have limited residual capital value and no capital uplift, but they would give a secure additional income in retirement for ordinary people who decide to be thrifty and save. The precise level and nature of the instruments is open to debate....Lots of other interesting MMT-related stuff.New WaylandThe Only Bonds We Need Are Granny BondsNeilW
Topics:
Mike Norman considers the following as important:
This could be interesting, too:
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We are likely to need National Savings annuities, where an individual can build up an annual additional pension by purchasing ‘Granny Bonds’ directly. They would have limited residual capital value and no capital uplift, but they would give a secure additional income in retirement for ordinary people who decide to be thrifty and save. The precise level and nature of the instruments is open to debate....Lots of other interesting MMT-related stuff.
New Wayland
The Only Bonds We Need Are Granny Bonds
NeilW