Ep 176: The Nuances of Lockdown
The Seen and the Unseen - hosted by Amit Varma
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What Is the Aggregate Supply Effect?
In a world where there's more debt and everybody wants more money, there really is only one way that you give stimulus checks, it's by printing money. Now imagine what happens if over i the next few months, you relax the constraint on supply so that velocity rises. That's going tto trigger a binge of inflation, ok? And you can have all the the issues that come up with inflation that we've seen in the past, e negative consequences,. except this is going to be a weird inflation crisis," he says.
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