In theory, the rate of return on U.S. Treasury bills should always exceed the rate of inflation as measured by the consumer price index.

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U.S. Treasury bills are considered one of the safest investments and typically offer low yields. However, they are also backed by the full faith and credit of the U.S. government, which means that default is highly unlikely. In theory, the rate of return on these bills should always exceed the rate of inflation as measured by the consumer price index, as investors demand compensation for the erosion of purchasing power caused by inflation.

In Theory, the Rate of Return on U