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The US economy is inflated, but US treasuries are still in high demand and we might as well milk it for what its worth. The US is like the lannister’s of the wo
by Aunche 6y ago
The US economy is inflated, but US treasuries are still in high demand and we might as well milk it for what its worth. The US is like the lannister’s of the world in that they’re rich because they always pay their debts (historically, their bonds have been the most stable.) Allowing, the economy to collapse basically denies us this otherwise free money and helps no one, besides those who fill the power vacuum, which could very well be big corporations.
- adammunich 6y agoYou raise a /very/ good point. But I worry that it is not working in a way that's favorable to those who rely on cash holdings (most people) for their budgeting and daily goals.
- rmah 6y agoPoor people, sort of by definition, do not have "cash holdings". They tend to live paycheck to paycheck or are in debt. Inflation helps debtors. And wages do tend to rise with inflation, albeit with a delay.