Just before lunch on Friday, I took a couple of minutes to reflect on Thursday night’s session on defense. As a part of that session Camp Kotok guests heard from three Ukrainians, one a military veteran, about what Putin is doing in Ukraine, from propaganda to barbaric war crimes. Those reports must shape our understanding of who Putin is and what he represents on the geopolitical scene. Parts of this discussion will be made publicly available later, but here’s a quick take from me:
Bill Nelson – Guest Commentary on a “Minsky Moment”
In plain language Bill Nelson offers a primer on Fed policy and the Fed’s floor system, its balance sheet size, and his view of a perpetual “Minsky Moment.”
