Q3 Founder Notes

Unintended consequences

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I’m not sure we’ll ever have a recession again…

Recessions are a part of the free-market business cycle.  What we have today is a managed economic system. Call it capitalism light, or a system inspired by free-market folklore. Either way, we can’t navigate if we don’t see it for what it is.

We have a committee of bureaucrats, or technocrats, or possibly politburo grifters, posing as nurses attending to the economy like a patient in an ICU.