I had the privilege of joining the set of anchors Julie Cchatterley, ScarletFu, and Joe Weisenthal on the set of “What’d You Miss” today. The unrehearsed discussion took an unexpected turn when Joe asked about the low volatility. The anchors were patient and gave me time to provide a sketch of the thesis of my book, Political Economy of Tomorrow, where I suggest a under appreciated factor in the low price of capital is...
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