Central Bankers Are Suffering From Post-Traumatic Stress Disorder

Central bankers are suffering from this sort of post-traumatic stress disorder from 2008. They have the fear of the 1970s, which I think is just totally irrational. That's the inflation fear that they're going to lose control of. The risk here is that they panic and then I think they're cutting interest rates quite quickly. There's a massive amount of debt in the system for their thinking to come back to haunt them.