#51: Diego Parrilla On The Three Levels Of The Investment Game
Superinvestors and the Art of Worldly Wisdom
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Is There a Normalization of Monetary Policy?
When we talk about a normalization of monetary policy, were talking about two and a half % was too much. And so when you think about something like, ah, the tailor rule, which suggests at, you know, fed funds should be eight or nine%. To day, there's absolutely no way. I mean, if they, if they took fed funds to eight or nine %, all hell would break loose. Ritam markets would crash. So ultimately fix the problem by by destroying everything. You know, this idea that you can fix problems by by printing and death, this is not a zero some game. It's path dependent, and you wend up in a worse
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