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Interviewing Russell Napier: What the Asian Financial Crisis Wrought [Ep. 160]

Eurodollar University

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Is There Really Independent National Monetary Policies?

I think there's an overriding high-level point here that we need to reinforce so that you and I am ill. There is an external internal synchronicity or a disinchronicity where if we have an external monetary problem, it quickly becomes an internal monetary problem regardless of quote-unquote independent monetary policy. In this type of financial architecture the shadow money world Is there really independent national monetary policies? Are we just telling us? Are we telling ourselves another fiction? Yeah, so the way in a world of free moving capital I think that's the key issue here You know as a financial historian the world changes the day that capital controls are abolished.

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