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2min chapter
Age of Easy Money (Full-length Film Audio Track)
The FRONTLINE Dispatch
The Pain of Price Stability
Higher interest rates, slower growth will bring down inflation. But failure to restore price stability would mean far greater pain. What he calls some pain means putting people out of work. The financial system globally has been built around extremely low, ultra low interest rates for 10 years. We lived in a bubble, in a dream, and this dream in a bubble is bursting.
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