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Erel Dogg's avatar

Agreed that the Fed's belated empirical turn away from the Phillips curve is good news. At least now I know how I'm investing.

Aside: if you decide to sell merchandise, you could do this under the heading

"Policy Tensor Products."

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Zzzzzz's avatar

I hope you are right!

While reading this, it reminded me of the idea of disjunctive presidents (https://www.nytimes.com/2019/05/15/opinion/trump-history-presidents.html). It'll be a decade before we know for sure, but it strikes me that if neoliberalism really did just die, then I think it's clear that Trump was a disjunctive president, with the disjunction Trump getting his party and America across being the collapse of neoliberalism.

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