Steve Randy Waldman
@interfluidity.com
"The public sector can stop private risk aversion from disciplining necessary investments if it tries… a more democratic…state-directed fin system wld channel investment…based on…risks *not investing* poses to ppl's material security." @advaitarun.bsky.social advaitarun.wordpress.com/2024/09/17/t...
The short end of the liquidity stick
Link Preview: The short end of the liquidity stick: Just as policymakers use countercyclical fiscal and monetary policies to cushion everyone from economic shocks, vulnerable communities deserve countercyclical liquidity policy.