Video Length: 00:08:11
SBF arrested. CPI came in soft. Fed hiked by 50 bps. Twitter is melting. There are two threads that I think tie together well in the broader discussion around the Fed and what’s happening on a microscale on Twitter dot com. Inflation doesn’t impact stocks - how the Fed reacts to inflation impacts stocks Tech libertarianism relies on free market ideology - but a handful of billionaires end up being the entire free market What’s interesting about these two things - the market really listening to the Fed (usually) and sometimes to the economic data (bad news is good news sort of thing), and the tech world bemoaning journalism while elevating themselves as the executor of free market - is that they both have a a weird twist of irony.
00:00 - Intro
01:06 - Free Markets
03:28 - Federal Reserve
05:37 - SBF
06:23 - Final Thoughts
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