the reason to talk about bonds is that everything in finance is a promise and bonds are the most basic kind of promise
even cash is kind of like a promise: it's a promise that you can redeem it for something of value in the future. That understanding of money as a promise is a good entry way into understanding inflation and bitcoin
the reason to talk about bonds is that everything in finance is a promise and bonds are the most basic kind of promise
even cash is kind of like a promise: it's a promise that you can redeem it for something of value in the future. That understanding of money as a promise is a good entry way into understanding inflation and bitcoin