3min chapter

The Munk Debates Podcast cover image

Munk Dialogue with Kyle Bass: Financial consequences of the conflict between the US and China over Taiwan

The Munk Debates Podcast

CHAPTER

Is the Central Bank the Root Cause of the Global Financial Crisis?

The Gini coefficients in almost every country of the world are widening dramatically. And that's all derived by the looseness or the incredible balance sheet expansion of central banks. The US Fed created the globe's inflation, right? Just think about this, pre-financial crisis, so going into 2007, the US Fed central bank had $900 billion on the balance sheet in an economy back then of $17 trillion.

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