140 - The Future is Fiat | Noah Smith (Noahpinion)
Bankless
What's a Good Short Term Store Value?
For a long time, T bills and dollars are interchangeable because they were just zero interest rate government bonds. And so take like a US dollar, you'd want to pay for your stuff in dollars instead of Apple shares. Hold on to Apple shares for a long term and you'll make money, but it's volatile in the short term. hold on to dollars for the longterm and you'll lose money, butIt's reliable in the short-term to buy your bread.
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