Please don't just rely on the nonsense they taught you in econ 101. You need to understand the relationship between debt, the currency, interest rates, and a g

Please don't just rely on the nonsense they taught you in econ 101. You need to understand the relationship between debt, the currency, interest rates, and a government's ability and willingness to repay. These factors make government debt potentially VERY risky. Even in the U.S., which is generally very responsible, government debt has been a terrible investment at times through the years. The U.S. massively devalued during the Great Depression and devalued again after World War Two. An investment in a U.S. ten-year bond in the late-1960s would have been absolutely creamed, I'm talking about losing much of the real value of your investment. That's not anyone's idea of safe.