47sec snip

Odd Lots cover image

Zoltan Pozsar and Perry Mehrling Debate Bretton Woods 3.0

Odd Lots

NOTE

Is Monetary Policy a Global monetary Policy?

After each one of these periods of stress, the dollar is gone from strength to strength. Is that a burden? Imean peoples exorbitant privilege? Like it's a good thing. Butik, thereis also a talk that, especially pre pandemic, when the lot of the issues were like insufficient demand. So maybe not, maybe not. You know, that it is monetary policy. This image we have in the world that every country is separate and they can run their independent monetary policies if they have flexible exchange rates,. i think it's not true of any country. It's an illusion.

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