@BowsacNoodle @mjdigspigs @vic no it's not literally zero. On the long run, governments only typically last about 250 years. the US is...nearing the end of its term and Trump openly is talking about defaulting.

> For standard financial reporting,

if "standard financial reporting" isn't taking into account the evidence of what government *actually* do it's not scientific accounting.

> the risk free rate of return is the treasury rate

No, it's not risk-free. Treasury rates have a risk of default. Or about 0.5-1%/year on a normal year, probably a lot higher rn, maybe closer to 10-20%.