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8min chapter
Bespokeness: AI, Passthrough, UST
Money Stuff: The Podcast
Microsoft vs. U.S. Debt: A Corporate Case Study
This chapter examines a thought experiment comparing Microsoft's debt issuance and cash flow capabilities to those of the U.S. government. It discusses the stability of corporate bonds versus sovereign debt, highlighting Microsoft's low default risk and raising questions about trust in governmental financial statements.
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Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode