Ep. 1095: Seykota Redux with Michael Covel on Trend Following Radio
Michael Covel's Trend Following
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The Economic Machine
Since 1913 when we had the Fed, you'll see the free economy isn't really free to function anymore. The Govapali system can put an effective tax rate on citizens and spend money in excess of what they can tax. I've shown in my model if you keep government spending to under about a percent and a half asset, effective asset tax owner, never can grow big enough to stop the growth of the free competition sector. We're headed towards an economy in which we have basically controlled economy, less freedom.
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