
225 - The economics of energy
The David McWilliams Podcast
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The Cost of Energy Is Not Dependent on the Rate of Interest, Right?
There's a very high chance that central banks will precipitate a recession, maybe a global recession. But the tools they are using won't bring down the actual source of inflation - energy prices. Once the price of your currency starts to fall, it creates unbelievable internal istability. And what the west was hoping by freezing the central bank reserves of the russian central bank, would actually take away the ability of the russians to maintain their currency.
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