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Interest Rates and the Nature of Profit | The Twilight of Gold Series | Episode 12 (WiM186)
The "What is Money?" Show
The Risk Free Rates That Bonds Pay
Mesus: The idea of a risk free rate, that you can just park your money with he government, is somehow perfectly insulated from the market process. And it just generates a yield that doesn't map on to economic reality because government is misallocating that capital. stable coins promise redemption at par but again, par is actually a sealing. It can never be worth more than a dollar and dollars cannot be redeemed at par that's what we're learning themselves. But, eh, that one just always strikes me as yet an traditiona possibility te the traditional bond people still like bonds.
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