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RE: RE: Beware: The Economists Are Coming Out
25
@taskmaster4450le
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1 min read
I find those who do have a few things going for them. To start, they managed money or worked for outfits that did that. Also, they do have some grasp of the shadow money (banking) system, something most economist discount.
They dismiss reserves, for the most part, in the equation, knowing they do little for economic output. Collateralization and cash flow is more important.
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