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It is closer to trading cash today for IOUs with your name on it. >Sure, in one case the parties are me and the US Department of the Treasury. It would be the
by s1artibartfast 2y ago
It is closer to trading cash today for IOUs with your name on it.
>Sure, in one case the parties are me and the US Department of the Treasury.
It would be the same situation if the DOT taxed you when the T-bills come due.
Trade 1$ for a treasury today. Tomorrow get taxed $1.1 and paid back with your own money.