3min chapter

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#10: William White on the Undesired Side Effects of Experimental Monetary Policy

Superinvestors and the Art of Worldly Wisdom

CHAPTER

The Negative Effects of Market Prices on Growth

The price discovery process has disappeared, and correlations have all gone between the asset classes. And then you've got all sorts of competition that ought to be dead, that's still alive. So those are the sorts of things that one worries about in terms of really underlying negative effects on potential growth going forward.

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