and beside that social good
it means no ability to use the product price level path to "trim"
latent purchasing power contained in the bond stock /debt stock/obligation grid
in the event of outflow exceeding inflow to this stock of zero real bonds
where old issue pay offs exceed new issue buy ups
and with final output production running at capacity
and inadequate buffer stocks of final products
we get a broad product price event
or shortages
how might this be pre empted
by forward looking price increase policy
if this stock is real PP protected
then there is no way to trim this demand
would one increase taxes on work income
how far in advance ?
as far in advance as possible ?
to reduce the inflow to the stock of ZRRs
now consider
a "savings system "
where bonds are issued with real coupon returns equal to the change in per job hour real output ?
