27 - Claudio Borio on Financial Stability, the Triffin Dilemma, and International Monetary Policy
Macro Musings with David Beckworth
00:00
How Do We Get Out of the Debt Trap?
How do we get out of the debt trap? If is bheen, this burden we've created, how do we put ourselves in the right path? Well, i think it's, it's,. it's clearly it's not easy. I link between deflation and recession. Its a kind of pablovian reaction. But there are many factors that may help to drive prices down. Think of the entry of former commonist countries into the global trading system. And even the japanese eflation which is often quoted as how things can go wrong doesn't really support that view when you have closer examination.
Transcript
Play full episode
