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The Triple Whammy Doom Loop, Part 2

Summary:
There is really no more financially explosive combination than what’s embedded in the Triple Whammy. That is, the implicit public health standard is zero tolerance for risk of serious illness or death; the operative fiscal principle amounts to a “not-our-fault” entitlement to society-wide make-wholes of lock-down losses; and the central banking correlate is to protect […]

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There is really no more financially explosive combination than what’s embedded in the Triple Whammy. That is, the implicit public health standard is zero tolerance for risk of serious illness or death; the operative fiscal principle amounts to a “not-our-fault” entitlement to society-wide make-wholes of lock-down losses; and the central banking correlate is to protect […]
David Stockman
David Alan Stockman (born November 10, 1946) is a former businessman and U.S. politician who served as a Republican U.S. Representative from the state of Michigan (1977–1981) and as the Director of the Office of Management and Budget (1981–1985) under President Ronald Reagan.

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