The Fed Is Running Out of Minutes – Ep 778

* Economic data blows away expectations.
* Wages are a price and prices are going up because of inflation.
* Keynesians can’t even follow their own playbook.
* Real demand is determined by supply.
* Don’t take free heroin just because you don’t want to waste it.
* Fed hawks went the way of the dodo bird.
* Fed policy is the opposite of Teddy Roosevelt’s Big Stick policy.



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