AI-powered
podcast player
Listen to all your favourite podcasts with AI-powered features
5min chapter
What I Learned In 2020 - John Hempton
The Joe Walker Podcast
Why Does Quantum Mechanics Work?
If you asked me why does monetary policy work, I don't know. It doesn't look right to me in the same way that why does quantum mechanics work. And so if you actually want monetary policy to induce a little inflation and have some kind of effect rather than just wind up in asset prices be credibly reckless. That's what the model says he should do. What is the difference between America printing $6 trillion and Zimbabwe printing $1 trillion? And the answer is one of them looks credible and one of them looking reckless.
00:00
Transcript
Episode notes
Get the Snipd
podcast app
Unlock the knowledge in podcasts with the podcast player of the future.
AI-powered
Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode
Save any
moment
Hear something you like? Tap your headphones to save it with AI-generated key takeaways
Share
& Export
Send highlights to Twitter, WhatsApp or export them to Notion, Readwise & more
AI-powered
podcast player
Listen to all your favourite podcasts with AI-powered features
Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode