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#722 The Macro Economy and Your Portfolio w/ Lyn Alden

The Pomp Podcast

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The Idea of Independent Central Banks

The idea of independent central banking is that you never c have complete independence, but you want to have some degree of autonomy. In the 19 forties, from 19 forty two to 19 51, there was almost no central bank independence basing the treasury pretty much took over the fed. That's essentially what you get into at the end of a long term debt cycle when debt is super high and politically concentrated. So in the united states, we're in this situation during 20th century where one state has more bacy than the other. Thid makes us wonder if it will be any different next time around.

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