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#10: William White on the Undesired Side Effects of Experimental Monetary Policy
Superinvestors and the Art of Worldly Wisdom
The Negative Supply Side Shock of the 2008 Crisis
We've seen massive inflation in the prices of financial assets, but we haven't seen traditional inflation. This crisis was not preceded by sort of a major inflationary upswing. The reintroduction of China and Slovakia constituted a very significant positive supply side shock. And add into that the baby boomers going through in the advanced market economies.
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