During the pre-game, one of the former coaches says, "Winning the game will do wonders for their confidence."
It's true. Even a good team has bad days and even a bad team has good days. The team that comes in confident has a real advantage.
But there is more to the game than confidence.
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Market Monetarists believe that the way monetary policy works, and the way it should work, is primarily by expectations...
But there is more to the game than expectations.
1 comment:
I guess all the economists - even Keynes and Krugman - believe(d) in the magic of expectations.
I think it's an absolute crock.
JzB
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