We want monetary policy to be a little bit contractionary, when instead it's actually quite expansionary. And that is likely to lead to higher rates of inflation in the future. Yo, the only acan said i not nargu argue. Lessin expansiony, maybe yes. Other that's lesse, too much stimulus. Just normal should be. Tso i go back. We used to have this term, the great moderation. It referred to a good montae policy ind no, late eighties and nineties into just the early of the century. The so called taler rule was right on. I wasn't complaining. Didn't write much about it, but it

Get the Snipd
podcast app

Unlock the knowledge in podcasts with the podcast player of the future.
App store bannerPlay store banner

AI-powered
podcast player

Listen to all your favourite podcasts with AI-powered features

Discover
highlights

Listen to the best highlights from the podcasts you love and dive into the full episode

Save any
moment

Hear something you like? Tap your headphones to save it with AI-generated key takeaways

Share
& Export

Send highlights to Twitter, WhatsApp or export them to Notion, Readwise & more

AI-powered
podcast player

Listen to all your favourite podcasts with AI-powered features

Discover
highlights

Listen to the best highlights from the podcasts you love and dive into the full episode