Bob takes a David Andolfatto tweet to explain why it's wrong to think that issuing US Treasuries somehow creates social benefits. Then he rehashes a conversation with Peter St. Onge about whether we should care if the central bank goes bankrupt.

Mentioned in the Episode and Other Links of Interest:

• David Andolfatto on inflation and government debt.
• Bob interviews Andolfatto in episode 175.
• Robert Barro's famous 1974 paper on government bonds.
• Bob talking with Peter St. Onge on the Human Action podcast.
• Bob's 3-part series on the social function of a) stock speculators, b) futures contracts, and c) call and put options.
• Help support the Bob Murphy Show.

The audio production for this episode was provided by Podsworth Media.