The Ethos of Economics with John Cogan and Kevin Warsh | Peter Robinson | Hoover Institution
Uncommon Knowledge
00:00
Is That a Useful Thing to Ask?
In 1981, Paul Volcker said he would stop inflation and interest rates fall over the next 25 years. In 2021, they bought 54% of all the debt issued by the Treasury Department. Milton Friedman: Never in my life have I seen a period with more danger and more hope than the moment in which we're now in. The global economy is being ripped apart. G2 rivalries has everyone taking sides, moving to two spheres of influence. This is the opposite of that period.
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