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Podcast: PRay TeLL, Dr. Hash
Episode: 242 Economic Cycles
Description: There are a lot of highly-educated people who claim special insight, and the ability to use the past to predict the future: “economic cycles” is one of those old canards. Business textbooks written by theorists point at some correlation between imports-exports, worker availability, public opinion, or some other subset of the infinite factors that make up an economy, then create a narrative that fits their cherry-picked data. According to them, America is long overdue for an economic crash. Well, if they actually knew what they were talking about, the crash would have already occurred. All we can say for cert...