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yes, it was probably a mistake, but wasn't Powell the mouthpiece for the correct fAIT policy? And wasn't he the best person for Biden to (subtly) blame or inflation in 2021, if had been clever enough not to claim that fiscal policy affects macroeconomic outcomes?

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Brad, thank you for the post. First, Lael's analysis shows that there is a point at which "cogent" and "incisive" cease and what I call "psycholithic strata" begins. Second, as a none-too-casual thought exercise, I'm failing to grok the mechanics / politics / economics / great power rivalry ramifications of renewable water and attendant (cliché alert!) rollout at scale. I've now learned of someone who CAN operate at those depths. Thank you both.

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