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A comment on Purchasing power of one US dollar in every year from 1635 to 2020. Parent comment

Re:Purchasing power of one US dollar in every year from 1635... by AuInsect on Thursday June 10, 2021 @12:41PM (#27462675)
“T-bills of course are risk-free”

How are you so sure?

If its because an American default is unimaginable, then that’s “presentism” - assuming that whats true today will continue to be.

If its because the US could just print its obligations, than Id argue that the Tbills are not risk free since one would only get the nominal value back

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Re:Purchasing power of one US dollar in every year from 1635... by csomar on Thursday June 10, 2021 @01:31PM (#27463244)
> If its because the US could just print its obligations, than Id argue that the Tbills are not risk free since one would only get the nominal value back

Depends. The US could honor the T-bills owners at the expense of currency holders.

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