
Epsilon Theory on Tape: A Song of Ice and Fire
Epsilon Theory Podcast
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Is Lowering the Price of Money More Risk Taking?
Central bankers have a linear theory of monitorism in macro economics, lower interest rates have a direct relationship with risk taking economic behavior and expectations. Lower the price of money, more inflation, still not being spurred. The rational risk taker believes central bankers who say that interest rates will be ultra low for ever and ever,. That our world persists in a long, gray slog of deflation just as far as the eye can see. This is profit margin growth without labor productivity growth. This is the smile faced perversion of smith's invisible hand and champeter's creative destruction. But we are still the goldfish on little river farm, still swimming in a small pocket of water, not yet enc
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