Ep 193: The Fight of the Central Banker
The Seen and the Unseen - hosted by Amit Varma
00:00
The Cost of Dominating the Central Bank
The government has effectively run a consolidated deficit of eight to ten % of g d p pre covid. The fact that we didn't bring our fiscal deficit in check before covid has meant that it has been hard to undertake fiscal expenditures right now in the midst of cowit. That's a serious cost to the economy in my view, that you chose to spend so much in good times than saving a capacity to spend if you had a difficult situation such as the pendemic. And this tendency of not positioning yourselve structurally right for the long run leads to this cy to put dominance pressure on the central bank every year to get some concessions. Ami again, to quote doctor redd
Transcript
Play full episode
