NO.030 I think that pension bonds are a macroeconomic argument. I researched to study economics more than 10 years ago. I think I understand the essence of macroeconomics. I don't think the basics of macroeconomics have changed. ・・・ Theme label: MMT. Pension government bonds. Keynes policy by the Bank of Japan's direct purchase of government bonds. These suit the principles of macroeconomics., Category label:macroeconomics,

More than a decade ago, I wanted to know about economics and researched it. Even in the introductory book, I thought that a good text would have summarized the essence of economics.
I think I have acquired the essence of macroeconomics.

I heard that there is an idea of ​​a pension bond, but I think that a pension bond is an appropriate policy if it is judged according to macroeconomics.

I understand that the key to revitalizing the economy is "How large is the product that the industry produces and sells, and is it paid for and purchased?"
If this principle is used, economic policy using pension bonds can be realized.

“The government issues pension bonds. The Bank of Japan issues new Banknotes and purchases the pension bonds. The government uses the money paid by selling the pension bonds to the Bank of Japan. Pension is paid to pensioners.

By the pension beneficiaries consuming with the provided pension, the total consumption is expanded, the economic growth is realized, the government's tax revenue is expanded, and the government repays the pension government bonds. "

The above is positive theory.

When I studied macroeconomics, I read the posts of those who claim to be macroeconomics researchers on the Internet BSS. They said that parliamentarians and the mass media did not understand macroeconomics and were making false statements at all.

I think that the self-proclaimed macroeconomics researcher I mentioned is a real researcher. However, even if they are spoofing, I can not confirm.

I am still convinced that the self-proclaimed macroeconomic researchers at that time would have been real researchers.

At that time, they continued to insist on the “other dimension quantitative easing policy” that the Bank of Japan is continuing. It is a policy called quantitative easing policy with inflation targeting or reflation policy.
They supported one researcher at the University of Tokyo who was young at that time. The young researchers are now serving as directors of the Bank of Japan as a partner.

Self-proclaimed researchers said the career bureaucrats of the Ministry of Finance did not understand macroeconomics.

Prime Minister Abe first commented on Abenomics, "The government will purchase government bonds issued by the Bank of Japan, and the government will make public investments from that source."

I understand that "public investment" means "the government pays, purchases various services and products, and orders public works to the industry."

Unless made in the wrong way, public investment as an economic policy will be a huge government special demand for the industry. This will be a catalyst for economic growth and realize economic growth.

Public investment as an economic policy has no effect if it uses tax resources. Consider the personal case. Individuals pay a portion of their income as taxes. Since the part of the person's income can not be used for consumption, personal consumption shrinks.
Public investment made using tax resources is just the government's investment for the economy, instead of shrinking consumer spending. The scale of GDP does not change.

Public investment as an economic policy has no effect unless the government borrows it.
For the Japanese economy, the scale of consumption and investment by economic policy will be added to the scale of consumption and investment by the Japanese government by using the Bank of Japan's newly issued banknotes from the Bank of Japan as financial resources. It will be a thing.
In this case, GDP will grow by the size of the bank notes issued by the BOJ.

Above, I think that I could explain that I decided that the economic policy using pension bonds was a positive theory.

"The government issues pension bonds. The Bank of Japan issues new Japanese banknotes to purchase the pension bonds. The government uses the pension bond resources to pay an annuity to pension recipients."

Active consumption by pensioners using pensions causes GDP to grow.

I will add articles on economic policies based on macroeconomics that I understood in the beginning.

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NO.306 Message to President Trump 41 ・・・ This is a war between all mankind and the coronavirus. The meaning of President Trump's declaration would be beneficial. The whole world will be able to implement projects that put all the will and power of the nation in order to overcome coronavirus infection. Keynes policy is needed. Many companies around the world are temporarily suspended. Many people are fired temporarily. People who have purchased products until now can no longer purchase products. The performance of companies that continue to do business deteriorates. This causes a recession. The government needs to hire the unemployed and keep paying them. The government orders the required number of respirators. If there is not enough production equipment, the government will expand.

NO.303 Message to President Trump 39 ・・・ Considerations as of March 17, 2020 Japan Time. Countries have jointly implemented maximum quantitative easing. The Fed has moved to a virtually zero interest rate. Entrepreneurs are not willing to use the investment funds provided. Stock prices fall because investors can't find investment opportunities. In the United States and Europe, entrepreneurs do not try to solve problems themselves. They wait for others to help them. Then, I propose Keynes's policy. The United States sets a national purpose and declares a state enterprise to achieve the purpose. Giving huge funds to the national business. If war, the US government could do this. This is a war between all mankind and the coronavirus. I suggest that Trump do this.

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