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E59: Twitter's content warning algo, equity audits, politicians trading stocks, Fed's next move, mRNA & more
All-In with Chamath, Jason, Sacks & Friedberg
Why the Fed Shouldn't Buy Corporate Bonds?
The Fed has been buying up assets to keep the yield on government bonds down. But when they stop doing that, industrates are going to rise in order to make our debt more attractive to bond buyers. The fed also started buying certain corporate debt at one point - but how do you decide which is better? Do you buy google versus facebook? Who's setting the price? These guys have been off the reservation for a long time.
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