EP 26: The Rise Of Carry (with Tim Lee & Kevin Coldiron)
Library of Mistakes
The Impact of Carry Trade on Economic Growth and Investment
The chapter explores how the carry trade can detrimentally affect economic growth through resource misallocation, increased debt, and decreased real investment. It also delves into the implications of carry trades for inflation, financialization, cryptocurrencies, and the necessity of directing credit towards essential investments.
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