Tag: Defaulter

Forget the Debt-Ceiling Crises, the U.S. is Already a Serial Defaulter

For decades I’ve been telling thousands of business school students that U.S. Treasury bills and notes are risk-free. Well, that’s arguably not quite true. For example, in 1979, Mrs. Claire Barton, a small investor from Enrico, California tried to signal to the world that the U.S. Treasu...