Daniela Gabor on Financial Globalization, Capital Controls, and the Critical Macrofinance Framework
Macro Musings with David Beckworth
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Is There Something Wrong With the Plumbing?
There was this tension, this breaking point in marchnd. There's two ways you can look at that. You could say, oh, there's too much us. Debt. But i'm not quite sure we have the analytical tools to ascribe the problem to an excessive issuance of public debt. I think it's much more interesting to my mind to think analytically through the structures of the system and whether those structures are creating systemic vulnerabilities that we cannot get away from.
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