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The Federal Reserve has been on the wrong side of every major economic event in my lifetime - as measured by their own predictions.
Those who treat them as beyond reproach are likely biased (e.g., they work for a bank that got bailed out).
Glad to see this
21.7. klo 21.16
BESSENT: "What we need to do is examine the entire Federal Reserve institution and whether they have been successful."
"All of these PhD's over there, I don't know what they do... This is like Universal Basic Income for academic economists."
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