Kevin Warsh is like the FED equivalence of an Obama "Hope and Change" candidacy.Positioning himself as a moderniser not stuck with 'Models' from 1978 [No doubt his framing of the person and systems he is replacing].His primary framing is 'technology is deflationary' [it is], and that the AI boom is another major point where we will face a huge surge in such deflation.However, what he fails to explain, is that we have had many major 'deflationary technological' events take place.From The Telegram
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