@greg_ip @KeineWunder I agree. The rule needs to be revised. But this is a sequencing issue and those matter. Once the other April 2020 moves were reversed, it created a political bind. Now the entire market needs to be looked at. Treasury repo should not be a source of anxiety!
RT @BJMbraun: How to be an effective political economist: Laser focus on the neuralgic points of the state-market nexus, follow
RT @BJMbraun: How to be an effective political economist: Laser focus on the neuralgic points of the state-market nexus, follow the money,…