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ACFM Trip 27: Magic

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The Problem Isn't Climate Change

Central banks are tasked with, with trying to act on belief and expectations. They might put up interest rates just to give a signal to the markets as it's so that prices are going to be stable in the future. And then that will manifest itself and will become stable prices, etc. The problem is like the inflation at the moment is caused by something else: we have this asset economy. So basically it's like a tinderbox for any supply constraints, but the supply constraints aren't affected by belief. It's the same with all of the Sock conspiracy theories, right wing denialism denialism of COVID denialism of climate change. There are brute realities out there which are

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