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#10: William White on the Undesired Side Effects of Experimental Monetary Policy
Superinvestors and the Art of Worldly Wisdom
The Unintended Side Effects of Monetary Policy
The global level of debt is up by $70 trillion since 2007, according to a new study. The headwinds will eventually kick in and stop your monetary policy from producing the sustainable increase in aggregate demand that you'd anticipated," says Randal Quarles. "My reaction is I'm just going to hunker down" he adds.
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