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Should We Curb the “Animal Spirits” of Mankind?

Wednesday, September 21, 2016 0:06
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Written by Carmine Gorga, The Somist Institute

Curb the “animal spirits” of mankind? Spirits that in the short term lead to inflation or deflation and fabulous financial crises in the long run? Is that what we expect of the Fed? Is that the ultimate aim of economic theory? Is that the task of a “civilized” society?

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