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Forward Guidance
Rethinking Rate Cuts: Are We Fueling Inflation Or Controlling It? | Warren Mosler
Dec 12, 2024
Warren Mosler, a renowned economist and pioneer of modern monetary theory, tackles the complexities of monetary policy and its real-world effects. He discusses how interest rates influence economic health and the misconceptions surrounding trade deficits. The conversation highlights the intricate connection between government spending and inflation, emphasizing the need for a shift in fiscal strategies. Mosler critiques outdated economic models and argues that budget deficits shouldn't be feared in a fiat currency system, offering fresh perspectives on today’s economic challenges.
01:07:18
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- Warren Mosler argues that increased interest expenses from budget deficits can actually stimulate economic growth rather than restrict it.
- The critique of the Federal Reserve's definition of neutral rates highlights a misalignment with contemporary economic realities and policies.
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