Kling is highly underrated IMO! What are your thoughts on Kling's outright dismissal of business cycle management / macroeconomics in this episode?
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He is! Don’t know enough macro to opine with any confidence. Obviously cycles can emerge for a *lot* of different reasons, not just because of agricultural yields etc. Seems plausible to me that group psychology is in some ways cyclic, and that that has macro consequences.
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Russ comes out for a month each summer @ Hoover... You should meet him if you haven't already. :)
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Thanks for sharing!
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