The Bank of England’s totally wrong response
Debunking Economics - the podcast
00:00
The Importance of Rational Expectations
Central bankers still look at inflationary expectations as that's what they believe causes inflation. Yet those inflation expectations are entirely due to where where interest rates are by and large. "We'd be better off letting though the parts of the Caribbean manage the economy than the mainstream economists," he says.
Transcript
Play full episode
