finance

"That's why public debts matter because if debts get high enough, where higher rates no longer have that kind of decel aspect that they do [otherwise].

It can be an accelerator where the additions to fiscal deficits, which are stimulatory because all that interest expense. All that spending is someone else's income"

🇧🇷🇺🇸-  Book: Making Things Think: https://holloway.com/mtt. Investor in Wander, Carry, Footprint, Merkle Manufactory (Farcaster), Dynamic, Paragraph.

https://www.youtube.com/watch?v=fUIwAyNdKw0

Worth the time

Building /bright-moments - minting onchain art IRL | /purple #15 | FID 129 #magikarp

Rome, Metropolitan City of Rome Capital, Italy

Reminded me of her writing on stable vs. unstable equilibria: https://www.lynalden.com/october-2023-newsletter/

We're entering an unstable equilibrium phase where it's basically gonna be a "runaway reaction" unless the government is able to rein in spending (highly unlikely)

I feel that markets are the funniest thing because we are still acting like high rates of interest matter & that the yield inversion matters.