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Podcast: The Other Hand
Episode: The age of stupid? Or will financial markets impose sanity?
Description: Economists have sung the praises of free trade for centuries. But nobody that matters believes any longer that free trade is good. The new religion has taken us into the unknown. Or perhaps not: the known unknown is a question. What happens when really stupid people run the world?What's the difference between Trump's threats of military force and Putin's similar remarks pre-invasion?Free trade laid the basis for post WW2 prosperity. On average we became a lot better off. But some people did not. Free trade's dirty secret is that it creates...