The Treasury market needs reform. Sep 2019 showed it. Mar 2020 almost took the world down. Feb 2021 worrying. Last week we had a 1st taper panic. We need reform. Yadev and Duffie point in the right direction. Or do we need formal public backstop?
adamtooze.substack.com/p/chartbook-49… https://t.co/3TumyNXDT0
RT @MehrsaBaradaran: Cool to wait a hundred years to determine that the SEC was unconstitutional. Wonder what changed in the
May 19, 2022
RT @MehrsaBaradaran: Cool to wait a hundred years to determine that the SEC was unconstitutional. Wonder what changed in the meantime