tag:blogger.com,1999:blog-7562826833514049440.post6595936932111588832..comments2019-01-08T21:06:10.972-08:00Comments on The Ramblings of an Amateur Economist: Dynamics of Government DebtJohn Handleyhttp://www.blogger.com/profile/16057855086740377031noreply@blogger.comBlogger1125tag:blogger.com,1999:blog-7562826833514049440.post-46977211880456468952015-08-10T13:35:48.060-07:002015-08-10T13:35:48.060-07:00Not mad at all. Your model makes sense, given your...Not mad at all. Your model makes sense, given your assumptions.<br /><br />"...or just plain weird (I don't know what else to call a world where the central bank chooses the fiscal authority's surplus/deficit)"<br /><br />Not necessarily so totally weird. Suppose you had a government that nobody trusted (so nobody would lend it money), with an independent central bank, that gave all its seigniorage profits to the government. In that case, your model would still work, even if the central bank could buy other assets.<br />Nick Rowehttps://www.blogger.com/profile/04982579343160429422noreply@blogger.com