The Origins of the SIN Model

We spent 10% of GDP per year for basically two and a half years in a row. It's almost impossible to imagine you could do that without getting a big expansion. And then monetary policy didn't adjust. Now where we are now is partly that demand is still high, but even more that I think we're in a self-perpetuating wage price spiral.

Transcript

Play full episode

The AI-powered Podcast Player

Save insights by tapping your headphones, chat with episodes, discover the best highlights - and more!

Get the app