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19: How we broke the British pound, with Rob Johnson

Onward, a Fundrise Production

00:00

The Psychology of Central Bankers

I remember you telling me this story briefly, maybe 18 years ago. You were in Europe at a meeting with a bunch of central bankers. And the line I remember was you looked around the room and you thought, these people are lying. Did this pertain to the ERM devaluation as well? Yeah, basically, they were saying they were going to stand behind the exchange rate mechanism ERM. They're not going to standing behind it. They can't.

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