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Uncovering the Truth of the 2008 GFC | The Snider Series | Episode 4 (WiM097)
The "What is Money?" Show
The Relationship Between Fed Funds and Libor
i am reminded here a this seems to be a common dynamic of fiat. When we try an attempt to suppress short term volatility with government intervention it tends to have the effect of delaying that volatility, but exasperating it at the same time. And i think that's a really good point about talebs. You know, fragility isn't fact, you know, robustness isn't the fact that something bad hasn't gone wrong. In many ways, you want things to go wrong consistently, because that reinforces the fact that it actually is robust.
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