Byrne comments on Risk-Free Bonds Aren't - Less Wrong

15 Post author: Eliezer_Yudkowsky 22 June 2007 10:30PM

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Comment author: Byrne 23 June 2007 03:55:41AM 0 points [-]

I believe Egan-Jones once downgraded US debt to AA because of our balance of payments problems and our rather irresponsible spending habits. I suppose Taleb's tactic would make sense if one of the Swans you were betting on was a treasury default.