The Economy Is Not the Market

I think the argument about recession that we've been talking about is almost irrelevant. Young william mc chesney, martin took real rates, positive raised seven and a half % when the inflation got going in the sixties, caused a mild recession for about a year. And then ono, the second he stopped, because the recession, inflation skyrocketed to new hies. Demand side economics is rons the economy hot. We get more revenue overtime. Can they cause some really deep recession by raising rates to ten % at some point? Yes. But it's cyclical. That's the important takeaway. This is what its like. The biggest lesson you can learn if you

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