Oddbean new post about login | logout Why would anyone lend the US government money in 2023? We have a President who can't even form a sentence. We're actively destroying our energy infrastructure. Our healthcare costs are skyrocketing because we're woefully unhealthy. This government deserves a rug pull.
They can’t do anything else with their cash??
Fiat is a rugpull technology. At the end of the day everyone gets rugged.
Better than a president that is going to prison for fraud. But good question. Why give anyone money?
Don't understand as well. People buying bonds as investment not knowing whom they're lending money.
The most direct answer? Network effects… though that’s changing. We’re also still in the pay to play part of the cycle. To play with criminals, you have to use their form of currency. Until these two things change the unit of denomination and MoE won’t change. In due time…
