“The Phoenix Economy” with Felix Salmon
Why Is This Happening? The Chris Hayes Podcast
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The New Normal or Just Reaction to the Disruption?
I think if you look historically at interest rates and inflation, they tend to be lowish. I feel like we are now in a normal range for interest rates. The inflation is going to come back down to a normal range. And what was an aberrant was basically the period from the financial crisis when we had to cut rates to zero. It caused all manner of bizarre dislocations and caused a huge amount of capital flowing into speculative assets.
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