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I don’t disagree with any of that. My point is just that they aren’t as cynically calculating about it. There are layers of rationalization.
There are layers of rationalization.
Yeah, that’s the problem, too many layers of rationalizations to cover up the raw truth of the matter. Unfortunately, there are complications for other people when their rationalized theories and models get turned into policy prescriptions for the rest of us through the power of the Central Banks or the state.
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