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The Rise And Fall Of Monetary Policy - Ian Macfarlane

The Joe Walker Podcast

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The Bias Towards Action

I've been disappointed with the recent cuts in interest rates, really all of them since about 2015. But then I don't think there's any way my successes could have stood there and said to the world, we're not going to do that. So in a sense, you're forced to move with the majority, particularly with the US. You know what reminds me of slightly is the sometimes people can very rarely. In the COVID pandemic, the Swedes have actually stuck to a different line and under intense pressure. No, no one's a collective action problem. It'd be very hard to take a contrary position. It would be very, very hard.

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