The Fed's $3 Trillion Problem | Maroon Macro & Joseph Wang
Forward Guidance
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The Role of Decentralized Finance in the Global Financial Crisis
The way the financial system works now is it requires like a few very large centralized sort of institutions to take on and have the appetite for all this risk. And there's a lot of problems that go along with that, right? There's sort of efficiency problems. There's also problems of like opacity or transparency as well as these capacity problems. decentralized finance is a direct like peer to peer system and all these assets are better assets because they don't need so much balance sheet space.
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