192: Kevin Muir – ‘Whatever It Takes’—How Reserve Banks React to Economic Pressure
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The Future of Inflation
As we saddle people with more debt, it becomes more and more difficult for them to take out even the incremental amount of debt. So eventually you get to a point where the private sector can't create inflation, which is basically what you're seeing in Europe. No matter how low you put rates, they don't respond. At that point, it's up to the government. And I think that this virus is kind of cemented that path in front of us.
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