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by snikeris 2858 days ago
TIPS is like buying fire insurance from an arsonist.
2 comments

If you're implying that the Fed can rig official inflation rates, that's not really true. The bond markets would treat inflation-rate fibbing as a quasi-default, so the Fed has more to lose than gain from doing this.
Sounds perfect: if they have to pay out, they’ll go burn someone else’s building down instead.