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#10: William White on the Undesired Side Effects of Experimental Monetary Policy
Superinvestors and the Art of Worldly Wisdom
The Struggle to Get Paradigm Shifts
Economists are too wedded to theory and don't pay enough attention to how it actually works in the real world. People get sets of beliefs and they work on the basis of that set of beliefs, he says. This time around the rigidity of the belief system is particularly noticeable, David Frum writes.
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