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Dan Davies
dsquareddigest.bsky.social
did:plc:oogx5uk7egcpeavtomox43wn
... will be arrested by monetary intervention rather than allowed to spiral. The LDI corner case seems to me like a great example of a risk that should be dealt with in this way rather than making everyone hold capital against the possibility that someone will kick over the institutional framework.
2025-09-01T15:19:00.186Z