this is a really good example of "financial literacy is dumb"https://twitter.com/MollySmithNews/status/1186618727078473728 …
Replying to @matt_levine
Fixed income is a lot like a multiplexer. Your daily life would be a lot worse if it didn’t exist; you should never have to know the details if you aren’t engaged in a profession which treats that jargon as so laughably table stakes that it isn’t even a shibboleth.
8:34 PM - 22 Oct 2019
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