The real way we have risk appetite and the desire to provide liquidity is we look at our neighbors and see they're getting rich and we're not. That's a really powerful heuristic I think is to not try to think about liquidity in the context of kind of Friedman monetary aggregates but rather confidence, sentiment and psychology. By the way, just a footnote, that is so cool and that could be an entire podcast. You know how we met? It's so funny. You'll love this. This was during the QE days...I was just a young whipper snapper just talking shit on Twitter. Back then, you know, everybody was just buying volume, betting on hyper

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