MAGS - 3 Bad Narratives That Are Dead (But Will Persist)
2024-07-17 22:10:00 ET
Summary
- The combination of the Great Financial Crisis period and the Covid era created some of the most interesting economic experiments in history, which also resulted in some of the worst narratives in finance and economics.
- In the wake of the Financial Crisis, it became clear that Monetary Policy wasn’t as powerful as many expected.
- If the Fed were to raise rates, then that would result in higher government interest expenses, which would add to inflation.
- Bad government policy can create bad incentives and spur irrational exuberance, but so can our inherent behavioral biases.
...
3 Bad Narratives That Are Dead (But Will Persist)