#8 GREED & Fear
Behind the Balance Sheet
00:00
Is There a Reaction to the Bail Out?
We've had forty years of falling rates, and we're now we can, well, there is a theory, i suppose, that rate could continue to fall when we could just have rates of negative five %. I think that's probably less like rit going up. Does the reverse happen fothe next ten, 20 yearswell? I don't see the political system allowing the race to go up that much, personally. The key thing that made me form that conclusion was explosiona money supply growth. And basically we've moved to a policy of what i call m m t light, where the central banks are indirectly financing the governments.
Transcript
Play full episode
