I’m continually reminded by my colleagues in the media, the financial world, and fellow economists that purchasing of any kind of government bond is insane.
One radio personality in particular keeps pounding the airwaves asking why any right thinking investor would want to tie his or her money up for the next ten years and earn a paltry 2% yield.
Given the current state of inflation and with supposed hyper-inflation on the horizon, it would seem to be a losing investment.
For a meager cash-flow, risk appears to be huge.
Ahhh, grasshopper, that is where you miss...