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GM27: Central Banks were Warned about their Failed Policies ft. William White

Top Traders Unplugged

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Is That an Argument for Accepting Higher Inflation?

I was reading a paper just yesterday by Joe Gogneil from the Peterson Institute and he's talking about raising the inflation target to 4%. I don't think it should be because an ongoing high inflation of that nature sort of beyond the period when the supply shocks apply will really just be a wage price kind of spiral that does nobody any good you know. It's conceivable to head towards a kind of Latin American sort of solution so nobody I think would right would would recommend that but it is interesting.

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