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Epsilon Theory on Tape: Always Go to the Funeral

Epsilon Theory Podcast

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The Death of Cooperative Game Playing in Politics

Central bankers today are grieving the death of the so called great moderation, where productivity rocked and inflation was tamed. But they can't bring themselves to have a proper funeral. They're expressing their grief through magical thinking - if only the right words were said then the dead would show up at the front door as if nothing had happened. I wrote a full note about this too, titled virtue signalling, or why clinton is in trouble. After the events of the past two weeks, particularly charlottesville and its political aftermath, i want to update those thoughts here. It's the death of co operative game playing in merican politics. Maybe he already has. He breaks us because he transforms

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