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this post was submitted on 03 Dec 2023
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I see this a lot online, but I have to ask - where are people even getting exposure to any lending with a full call at any time option by the lender? Like all my personal debt has defined payment terms, just cause the bank might like the money back sooner, they can't come to me and demand a full repayment in any circumstances.
Why would people expect this for government debt? (this all ignores that the US didn't go to China and ask for a loan, China bought treasuries on the open market - it's like owning bonds, not being a bank).