The Reduction of Public Debt, the Heart of a Monetary Reform

Jean-François Serval () and Jean-Pascal Tranié ()
Additional contact information
Jean-François Serval: Groupe Audit - Serval & Associes
Jean-Pascal Tranié: Aloe Private Equity

Chapter 7 in Financial Innovations and Monetary Reform, 2023, pp 129-161 from Springer

Abstract: Abstract The only way to escape the current unhealthy situation in which risks and their remuneration are not balanced and in which the existence of zero or effectively negative rates (inflation higher than remuneration) represents a form of violation of the social contract in which all citizens participate, is to find the mechanism that will allow all particular interests to converge and to leave society the room for maneuver necessary to achieve fundamental objectives accepted by all. This means, in concrete terms, that it is imperative to reduce the debts owed in order to re-establish a system of capital remuneration with interest on bonds and dividends on shares, proportional to the market’s appreciation of the risk, without the intervention of the States to disturb the free will of the market. A massive reduction in the stock of public debt is necessary.

Date: 2023
References: Add references at CitEc
Citations:

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:spr:fuobcp:978-3-031-24189-5_7

Ordering information: This item can be ordered from
http://www.springer.com/9783031241895

DOI: 10.1007/978-3-031-24189-5_7

Access Statistics for this chapter

More chapters in Future of Business and Finance from Springer
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().