This article does a pretty bad job of explaining the concept. > This is one instantiation of an idea that was omnipresent in 2021-2022—that much of the weirdne

This article does a pretty bad job of explaining the concept. > This is one instantiation of an idea that was omnipresent in 2021-2022—that much of the weirdness in financial markets, from GameStop to crypto to stock market volatitlity, was driven by an excess of liquidity. This idea made a certain amount of inarticulable, pre-intuitive sense, but that sensibility does not a gears-level understanding make. Seriously? This paragraph is fucking garbage.