I suspect that every time the line below drifts towards the redline over the next few years, the global printing presses will be feed ever increasing volumes of nitrous oxide to perform two simultaneous functions. Boost engine output and anesthetize the patient.
Modern Monetary Theory or Modern Laughing Gas Theory?
The long end of the curve will eventually have to give and the vehicle and patient will return to oxygen only. WACC will work in reverse as the system self corrects itself. Perhaps beginning with t, as Biden proposes to increase from 0.21 to 0.28.
Ann: Market Update, page-27
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