The Unintended Consequences of Central Banks' Easy Money | William White
Forward Guidance
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The Importance of Cryptocurrency in the Modern World
It worked in the post-war period you remember there was the so-called Fed treasury accord with the Fed said they would keep interest rates very low in the UK I think they did something very similar and it worked. The next question is could it work in the modern world and secondly if it did work would you want it to work? You're getting into some very sort of interesting ethical questions almost because you're reducing the debt basically at the expense of the creditors, he says.
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