14min chapter

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The Bitcoiners Won (EP.386)

Animal Spirits Podcast

CHAPTER

Navigating Hindsight in Politics and Economics

This chapter examines hindsight bias through the lens of recent political elections and economic perceptions, highlighting how past outcomes can distort present reasoning. It discusses the surprising shift in voter support for incumbents and the disconnect between public sentiment and economic data amidst prevailing narratives on inflation and government spending. Ultimately, the conversation emphasizes the need for better communication from economists and political leaders to bridge gaps in understanding and trust with the public.

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