Listen now | In our inaugural episode, Matt Klein and Michael Pettis discuss the impact of the pandemic--and the varied policy responses--on global trade, financial flows, and inflation.
Thanks lads, I enjoyed this. What I especially liked about this episode is Matt reckoning with inflation and how Michael restates the case for it being a phase rather than a change in regime. In future, I would like to hear from Matt on how he reconciles the current inflationary environment with the superabundance of potential productivity that he alluded to in the episode.
A few more requests…
Firstly, a more comprehensive reckoning with (and dismantling) the argument that central banks need to cause unemployment to stop wage demands from being the mechanism for inflation would be appreciated.
Lastly, a closer look at another ‘anglo-saxon’ economy with deep and accommodating capital markets that is not the United States. My vote would be the UK, because…
- I’m a Brit and I am biased
- Your line of argumentation rests on well-functioning advance economies with deep and accommodating capital markets. What happens in an advanced economy that is advanced but a bit dysfunctional like the UK? I think a closer look at the ‘moron premium’ and BoE pensions intervention might yield insights that have more general applicability.
UN/BALANCED Episode 1: Trade Wars Are Class Wars in 2020-2022
very excited for this new podcast, next step is to get Mr. Pettis to start his own Substack newsletter...
Thanks lads, I enjoyed this. What I especially liked about this episode is Matt reckoning with inflation and how Michael restates the case for it being a phase rather than a change in regime. In future, I would like to hear from Matt on how he reconciles the current inflationary environment with the superabundance of potential productivity that he alluded to in the episode.
A few more requests…
Firstly, a more comprehensive reckoning with (and dismantling) the argument that central banks need to cause unemployment to stop wage demands from being the mechanism for inflation would be appreciated.
Lastly, a closer look at another ‘anglo-saxon’ economy with deep and accommodating capital markets that is not the United States. My vote would be the UK, because…
- I’m a Brit and I am biased
- Your line of argumentation rests on well-functioning advance economies with deep and accommodating capital markets. What happens in an advanced economy that is advanced but a bit dysfunctional like the UK? I think a closer look at the ‘moron premium’ and BoE pensions intervention might yield insights that have more general applicability.