Episode 298: How do Treasury Bills Work?
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You Don't Get Your Purchasing Power Back, but You Do Get Your Money Back
The rates of return on Treasury bills, notes and bonds are 3% currently. With inflation at 8%, my God, you put your money into a Treasury bond yielding 3.6%. That would have been okay given that your savings account was making half a percent. But inflation eats 8%, your 4% worse off at the end of the year. Only the federal government could cause inflation and then sell you a product based on the problem. It's right. I'm angry already.
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