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Value After Hours S05 E14: John Huber, State of US Banking, John von Neumann, Buffett 90% Rule

The Acquirers Podcast

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The Prisoner's Dilemma of the Fed and Politicians

In game theory, the Federal Reserve and politicians face a prisoner's dilemma. The Nash equilibrium point of that is that the Fed contracts and the politicians expand. So I can't help but wonder why we find ourselves today where we're running deficits every single year.

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