Debunking Economics - the podcast cover image

The Bank of England’s totally wrong response

Debunking Economics - the podcast

CHAPTER

The Future of Interest Rates

There are some behaviors and structural changes which are going to take a long time to come back. The last time interest rates were at this level it was driven by fears of cascading increases in wages. Neoclassical economists had no bloody idea that the financial crisis was coming so never expect their neoclassical economists to have a good sense of timing right well we'll talk a bit about that next time okay go for that now catch you next time thanks Steve.

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