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19min chapter
Raghuram Rajan — Debt, Monetary Policy, and Unintended Consequences
The Joe Walker Podcast
The Let Them Make Credit View
This chapter explores the concept of the Let Them Make Credit view, discussing the positive and negative consequences of expanding housing credit. It delves into the factors that contributed to the depth of the financial crisis, including the expansion of credit and the demand for greater access to credit. The chapter also examines the correlation between inequality and the expansion of credit, highlighting disparities in credit offered to low-rated borrowers in poorer neighborhoods.
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