News for hackers. Stuff that matters.
Re:Moody’s strips U.S. of triple-A credit rating by ethbr1 on Saturday May 17, 2025 @01:15AM (#44012204)
Creating a debt obligation with yourself isn't typically the definition of zero risk. ;)

Or to put it another way, buying special issue treasuries isn't functionally different than Congress directly spending excess money in the trust fund and guaranteeing to pay more back later.

Just with additional steps and a thin veneer of impartiality and financial standards.

Re:Moody’s strips U.S. of triple-A credit rating by fkfyshroglk on Thursday May 22, 2025 @11:15PM (#44069539)
> Creating a debt obligation with yourself isn't typically the definition of zero risk. ;)

Is there any other way to run a currency? Serious question.

Just posting this to see if people will also flag this random ish