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#651 - Dr Mike Israetel - Can Money Actually Buy You Happiness?
Modern Wisdom
The Importance of Inflation
Inflation is a decent point, except inflation has been relatively stable over a very long term. Almost no analysis, even informal economics, integrate the quality of goods because that is phenomenally difficult to quantify. And so the cost of living crisis is almost always caused just straight up caused by excessive government regulation. It would have set a really good framework for making sure that things go well and don't spiral out of control. The least intrusive type of regulation isn't just demonized as bad; it must be intelligent.
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