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John Cochrane says economics keeps repeating a basic mistake: treating the money and nominal income link as causal, not correlational. He argues money follows n

BWB News TV • 2026-11-10 04:02 UTC • By Billy Odell Tucker-Robinson
John Cochrane says economics keeps repeating a basic mistake: treating the money and nominal income link as causal, not correlational. He argues money follows n
John Cochrane says economics keeps repeating a basic mistake: treating the money and nominal income link as causal, not correlational. He argues money follows nominal income across theories because central banks supply it passively.
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