2min chapter

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#33: Bill Fleckenstein On Profiting From Central Bank Mistakes

Superinvestors and the Art of Worldly Wisdom

CHAPTER

The Psychology of Fiscal Policy

When fiscal policy starts to become out of control that you start seeing fiscal dominance and the Fed is basically putting a box on it. We're kind of an uncharted territory here for, you know, at least the biggest variable is psychology. People perceive it to be okay, then it's kind of okay if they start to worry about the consequence that's.

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