> History proves in the long run holding dollars is good for short term stability, but it's a long term loser. Right. That's why one should not hold huge quant

> History proves in the long run holding dollars is good for short term stability, but it's a long term loser. Right. That's why one should not hold huge quantities of money for long times, but invest in debt and equity. 10 yr real rates even on treasuries have been almost always positive [1], though shorter riskless real rates have gone negative [2]. [1] https://fred.stlouisfed.org/series/REAINTRATREARAT10Y https://fred.stlouisfed.org/series/REAINTRATREARAT10Y [2] https://fred.stlouisfed.org/series/REAINTRATREARAT1YE https://fred.stlouisfed.org/series/REAINTRATREARAT1YE