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Bonds are an exchange of cash now for more cash later in the other direction. Eventually, that “cash later” is taxed or inflated away (printed), so it’s a diffe
by sokoloff 1y ago
Bonds are an exchange of cash now for more cash later in the other direction. Eventually, that “cash later” is taxed or inflated away (printed), so it’s a difference in timing more than category.
- taeric 1y agoFair. Still largely a different form getting cash now, though? Particularly if you account for the fact that governments can go belly up.