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100 sats \ 0 replies \ @justin_shocknet 6 Sep \ parent \ on: The Fed’s ‘Gain of Function’ Monetary Policy (WSJ, Bessent) econ
Bessent absolutely gets it.
Thinking they can just turn it off overnight is naive armchair quarterbacking, and not "getting it".
How do you trap a dangerous animal?
Do you attack it from the front?
Do you signal ahead of time you will be attacking?
How do you protect bystanders?