@sarahdoingthing The extent to which the economy has been distorted by central banks is… horrifying. No one has a grip on this yet.
@bswud the wild CB flailing since 2008, and consequent vast distortions, give decision-makers the sense that macroeconomy is badly unstable>
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@bswud partly endogenously and partly cuz vast, political, unpredictable state/CB interventions follow any significant endogenous changes -
@bswud In other words, why build a capital asset that pays off only over 15 years if CBs and state actions likely wreck the EV in two years? - 21 more replies
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