Is There a Market for Safe and Liquid Assets?

In a booming economy, you don't necessarily need to hold safe and liquid assets. You can hold riskier assets that yield, that have a higher yield. So the demand for those treasuries or those os will go down because people don't want to hold em. But in risky times, the demand for safe and liquid asset increases. That's on a global scale. And it's also, i would tinge it with, there's a difference between credit base money and commodity money. In a credit base money, there's nothing to default back to,. That's why we have to bail out a do all these bail outs and all this government spending to to reflate the bubble