MacroVoices #435 Daniel Lacalle: Navigating Monetary Debasement
Macro Voices
Analyzing the Shift in the Role of Central Banks and Consequences
Exploring the shift in the role of central banks towards becoming primary lenders, the chapter emphasizes the importance of maintaining price stability and providing liquidity during crises over bailing out entities. It delves into how this shift can incentivize risky economic behavior to the detriment of smaller businesses.
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