Top Traders Unplugged cover image

IL05: The Road to Economic Stability ft. Andrew Smithers

Top Traders Unplugged

00:00

Is the Central Bank Responsible for Maintaining Two Separate Equilibriums?

When the cue ratio gets out of balance, that creates potential for a financial crisis. I had one senior central banker say to me, oh, but central bankers are aware of the problem. It's not, it is their fault when they go wrong. Er, i am suggesting that we can do that by adapting the tax system so that it changes the weight of taxation without increasing or decreasing the budget deficit. But if you increase taxes on consumption and incomes and reduce taxes on investment, you should manage to achieve a stimulus to economy with no change in the level of the budget deficit onlyl let's talk about that.

Transcript
Play full episode

The AI-powered Podcast Player

Save insights by tapping your headphones, chat with episodes, discover the best highlights - and more!
App store bannerPlay store banner
Get the app