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Ik Tha, That's Fiscal Policy, Not Monetary Policy
Larry Cevallos: Monetary policy isn't going to work the old school way, and cee probably is doing nothing. He says it's creating a bunch more wealth for wealthy people who are not spending it. And that creates a world where there isn't much inflation, if there is this neutral rate of interest, he says. Lecce: The secular stagnation was an idea created by another harvard economist - larryis pretty fond of pointing out.