Richard Murphy is, as we know, one of the architects of the Green New Deal. He insists that it should all be funded by bonds. Bonds held by private investors as part of their pension arrangements.
There is the occasional problem with this. For example, he’s thereby insisting that pensioners should be taking equity risk without gaining equity rewards which doesn’t sound very sensible.
He’s also just dead set against there being a secondary market in such bonds.…See More