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"By manipulating price levels, the Fed isn’t just preventing smaller intermittent fires from naturally running their course while creating larger fires down the road....
"Imagine if all respectable business knowledge had been derived from studying large, established companies because there had never been a start-up in living memory....
"Everybody's acting as nothing happened. And in Germany, it was so brutal. We had two lockdowns. Each was 6 and 8 months. Like there...
