So renationalisation could be done in the same way. Issue bonds for fair value. Make them redeemable in not less than thirty years, and maybe longer. Make the interest rate the very low ones on offer now. In net terms these are likely to be negative throughout that thirty year period. And what is the net cost of renationalisation? Next to nothing. Or less.
I’ll let inflation do the expropriating.
The very slight problem with this, over and above the glee at theft here, is that those bonds will have to be rolled over. And as we’ve been told by the SnippaMeister himself government never does repay bonds because that would be to reduce the money supply. They will thus be rolled over and interest rates will rise…..the cost will be rather high then. Millennia of interest paid to feed a current political Spud.