19min chapter

The Great Simplification with Nate Hagens cover image

Michael Every: "The Many -Isms of the Metacrisis”

The Great Simplification with Nate Hagens

CHAPTER

Navigating an Oil Shock: Economic Impacts and Strategies

Exploring the potential repercussions of a drastic increase in oil prices to $250 per barrel on the global financial system, interest rates, and debt. The discussion includes insights on utilizing MMT or Fed policy tools, historical inflationary episodes, and the vulnerabilities central banks face in managing supply shocks. Additionally, the chapter touches on de-dollarization challenges, global trade complexities, and the necessity to integrate ecosystem impacts into macroeconomic analysis.

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