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Bad News is Good News

The Compound and Friends

CHAPTER

The Fed Can't Really Control Labor Allocation, Right?

Kai: What other powers could we give the Federal Reserve that might be able to fine tune it? Could you? Or is the economy just so big it's basically unknowable and it doesn't matter? Kai: I think a lot of it right now is about labor allocation. And like the Fed can't really control labor allocation. They just can nudge everything in the right direction.

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