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But we saved everything 🙂.
Noah Smith, columnist and economist at Bloomberg Opinion, explains that if all assets worldwide were liquidated at once, there would not be enough buyers. As a result, most of the "money" in existence would effectively disappear.
Smith has previously commented on government priorities in global markets. In a recent piece, he wrote that Chinese economic policy under Xi Jinping aims for national strength rather than prioritizing ordinary citizens’ economic welfare, according to his analysis. He has also noted that current company spending on AI tokens is largely experimental and only temporary, as detailed in another column.