If my view is correct, that we do not have any problem of embedding inflation in a labor, goods or financial markets, inflation will fall off. That opens an opportunity for policymakers to balance gross versus inflation much more constructively than what they otherwise would have done. So that's one area why I don't believe we need to destroy demand. The other area is the fact that there is really no systemic fractures right now in our financial system.

Get the Snipd
podcast app

Unlock the knowledge in podcasts with the podcast player of the future.
App store bannerPlay store banner

AI-powered
podcast player

Listen to all your favourite podcasts with AI-powered features

Discover
highlights

Listen to the best highlights from the podcasts you love and dive into the full episode

Save any
moment

Hear something you like? Tap your headphones to save it with AI-generated key takeaways

Share
& Export

Send highlights to Twitter, WhatsApp or export them to Notion, Readwise & more

AI-powered
podcast player

Listen to all your favourite podcasts with AI-powered features

Discover
highlights

Listen to the best highlights from the podcasts you love and dive into the full episode