Q&A #124
Can we revisit the latest SOFR spike? When’s Emil coming back? Are dealers the real lenders of last resort? Is it repo? Maybe FX? With Uncle Sam gone insane downing in debt, how can there ever be a shortage of Treasuries? How does the federal government deficit affect the monetary system? Why is there ever positive inflation at all? Where did it come from before COVID? What has caused labor’s share of national income to fall so much? Or has it? What’s after the Basics of I/RS?
