14 This logic is an application of the so-called Friedman rule. 15 So a key question is to what extent removing long-term Treasury securities is like removing currency. This question is hard to answer precisely and depends on the details of how you tell the story.
The problem is particularly acute with young people who are being targeted by advertisements to spend and borrow at the time when they can least afford to. The Financial Literacy Programme targets people at all levels.