3min chapter

Let's Appreciate cover image

A Non-Zero Interest Rate World

Let's Appreciate

CHAPTER

The Importance of Empathy and Relating to Other People

The Fed rips so hard because of worries over wage growth that the labor market really does collapse within itself. The two main things are don't steal people's money and altruism was not effective. Empathy is a function of understanding the emotions of others, but self interest often overwhelms this process in markets as that is what is rewarded.

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