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The Fed Is Running Out of Minutes – Ep 778

  • Economic data blows away expectations.
  • Wages are a price and prices are going up because of inflation.
  • Keynesians can’t even follow their own playbook.
  • Real demand is determined by supply.
  • Don’t take free heroin just because you don’t want to waste it.
  • Fed hawks went the way of the dodo bird.
  • Fed policy is the opposite of Teddy Roosevelt’s Big Stick policy.

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