Jon Sindreu on Global Financial Flows and the Balance of Trade
Macro Musings with David Beckworth
00:00
Do Consumer Preferences Matter?
This is interesting because it reminds me of debates about free wil versus determinism, but at the maccero level, here, do we have a choice? Andand i think we do. I mean, i think consumer preferences matter too. They differently have a bearing what what regulations, what laws are being passed that affect behavior. The idea that without moving the dollar, like, you know, like a usa consumer will buy less stuff from germany. Or china because some treasury purchased,. Like, i just don't understand lik it's, it's a causal mechanism that, i think, it is just a very, very deep mistake.
Transcript
Play full episode
