Yeah, but even 30 year interest rates are low (1-2% at the moment). There is an Austrian 100 year bond paying 0.88%. I think that is significant evidence that something about the “patient vs impatient actors” story does not add up.
Patient philanthropists might want to wait for hundreds or even thousands of years before deploying their capital. 30 years is nothing compared to the possible future of civilization.
Yeah, but even 30 year interest rates are low (1-2% at the moment). There is an Austrian 100 year bond paying 0.88%. I think that is significant evidence that something about the “patient vs impatient actors” story does not add up.
Patient philanthropists might want to wait for hundreds or even thousands of years before deploying their capital. 30 years is nothing compared to the possible future of civilization.
I was just talking about 30 years because those are the farthest-out US bonds. I agree that the horizon of patient philanthropists can be much longer.