3 ms·
This is an overly simplistic take. The other way to frame this is that they are levered 40x in removing liquidity from the system. By spending 2.6% they can rem
by qeternity 4y ago
This is an overly simplistic take. The other way to frame this is that they are levered 40x in removing liquidity from the system. By spending 2.6% they can remove trillions from the economy and slow the velocity of money.