Raghuram Rajan — Debt, Monetary Policy, and Unintended Consequences
The Joe Walker Podcast
Warnings and Criticisms of the Financial System
This chapter explores Raghuram Rajan's warnings about the risks in the financial system and his experiences with criticism. It delves into his famous speech at the Jackson Hole Conference and his interactions with Chairman Greenspan and risk management officers. The chapter also discusses how Rajan's background in a dysfunctional economy shaped his perspective on the financial system and the challenges regulators face in discerning valid warnings.
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