Take a lesson in credit from Monopoly, Bill Gross tells central banks

Billionaire bond investor Bill Gross has a message for Janet Yellen: Take a lesson from Monopoly.

Gross, in his latest outlook for Janus Capital Group Inc., likened the economy to the board game where players collect $200 every time they pass the “Go” square. That payment — the game’s version of credit creation — ensures expansion at the start, but it also dooms players because the amount is fixed and doesn’t grow, eventually leading to stagnation and bankruptcies.

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