@SecScottBessent@chamath@friedberg Long time listener, first time caller @SecScottBessent …I assume you misspoke when you said “bill” yields could move 30-70 bps lower on SLR relief? Treasury note/bonds?
@BillAckman Peter Bevelin’s Seeking Wisdom and All I want to know is where I’m going to die so I don’t go there are both fantastic under the radar Buffett/Munger books.
“If I have seen further, it is by standing on the shoulders of giants.”
@DavidBCollum 2% forces those with claims on the goods and services of a society to be productive with it. If inflation is zero, the hoarder can just sit with their fiat currency which can stagnate progress. Force capital to be put to use and we all benefit from innovation/ +standard of living