I think if we as the question “should the LTFF shutdown?” The answer is always “no, it clearly does good that no one else is trying to do”
But if you ask “if the LTFF never existed and you were designing a fund from scratch would it look exactly like the LTFF?” I think this is a clear “no” as well.
I don’t think LTFF is able to fix its current problems or be drastically modified to what you might have designed if it never existed. And of course it crowds out anyone else from solving this.
I think if we as the question “should the LTFF shutdown?” The answer is always “no, it clearly does good that no one else is trying to do”
But if you ask “if the LTFF never existed and you were designing a fund from scratch would it look exactly like the LTFF?” I think this is a clear “no” as well.
I don’t think LTFF is able to fix its current problems or be drastically modified to what you might have designed if it never existed. And of course it crowds out anyone else from solving this.