
#293: Bitcoin and the Looming US Fiscal Crisis with Avik Roy
TFTC: A Bitcoin Podcast
00:00
Are Treasury Bonds a Risk Free Asset?
There are structural aspects of the way the us. Is able to issue its debt and borrow money that have uniquely contributed to this period of time whereweev been able to run so much debt, he says. The federal reserve has now started to directly control the interest rates and price of these treasury bonds in a way that is a radical departure from prior fed policy. It's kind of like, you know, if i run up a debt on a credit card, and then i i take out another credit card to to a pay off the first credit card. That's basically what the us. Government hasd and the trend lines are really, really concerning. And we're going to get to
Transcript
Play full episode