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There is zero default risk in US Treasuries because the government has the capability of printing more money. Can you name any other type of bond or fixed inco
by illumin8 16y ago
There is zero default risk in US Treasuries because the government has the capability of printing more money. Can you name any other type of bond or fixed income that has zero default risk?
- jblow 16y agoOkay, but I never said anything about default, so I don't know what this has to do with anything! As you know, when the government prints more money, it dilutes the value of the existing money. So then, when you buy Treasurys and they get paid back, you made your money by silently leaching it out of the pockets of all other Americans, with the government as intermediary. What a great financial model!