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Episode 260: Shortages at Home, Starvation Elsewhere

Words & Numbers

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Is There a Circular Argument to Shut Down an Economy?

I would not at all be surprised that it's going to be 10 years before things get back to where they were prior to the pandemic. The thing that people seem not to understand about the economy is that in a lot of ways, it's a circular argument. We've been left with a set of circumstances here that I don't know if you can actually fix them.

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