#16 Warren Mosler: Treasuries, Kilts, Fish & Chips
The MMT Podcast with Patricia Pino & Christian Reilly
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The Impact of Zero Interest Rates on Asset Prices
This chapter explores the implications of zero interest rates and quantitative easing on asset prices, challenging the notion that they lead to significant inflation. Through historical references, particularly Japan's experience, it argues that shifts in asset prices may reflect adjustments to low rates rather than the formation of economic bubbles.
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