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Government debt yields are a nearly 1 to 1 function of the interest rate, assuming there's confidence in the currency and the government's ability to tax and pr
by smitherfield 11y ago
Government debt yields are a nearly 1 to 1 function of the interest rate, assuming there's confidence in the currency and the government's ability to tax and print money.
- hollerith 11y agoYou mean "nearly the identity function". A 1-to-1 function is something different (((namely, a function f such that whenever f(a) = f(b), a = b))).
- smitherfield 11y ago1-to-1 correlation, I meant to say. Anyway, I think my meaning was obvious.