AI-powered
podcast player
Listen to all your favourite podcasts with AI-powered features
3min chapter
The Rise And Fall Of Monetary Policy - Ian Macfarlane
The Joe Walker Podcast
The Relationship Between Wage Increases and Inflation
A lot of business decision making was based on the idea that it was going to be discontinuing inflation. It gave rise to the belief, well, you might as well take on more debt because the real value of that debt will dwindle over time. Policy errors did also play a big role, including monetary policy definitely. But monetary policy can work at all times.
00:00
Transcript
Episode notes
Get the Snipd
podcast app
Unlock the knowledge in podcasts with the podcast player of the future.
AI-powered
Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode
Save any
moment
Hear something you like? Tap your headphones to save it with AI-generated key takeaways
Share
& Export
Send highlights to Twitter, WhatsApp or export them to Notion, Readwise & more
AI-powered
podcast player
Listen to all your favourite podcasts with AI-powered features
Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode