And now for Washington's next trick — sawing the dollar's value in half

Core Insights - The article discusses the unfavorable return on investment for Treasury bonds, highlighting that an investment of $24 today will yield only $13 in 30 years, indicating a significant loss in purchasing power over time [1] Group 1: Investment Analysis - Treasury bonds are presented as a poor investment choice, with the long-term return failing to keep pace with inflation [1] - The article emphasizes that the real return on Treasury bonds is negative when adjusted for inflation, suggesting that investors are effectively losing money [1] Group 2: Economic Context - The current economic environment, characterized by low interest rates and rising inflation, exacerbates the unattractiveness of Treasury bonds as an investment vehicle [1] - The article points out that the government’s borrowing strategy may lead to increased debt levels, which could further impact the value of Treasury bonds in the future [1]