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.
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.