Central banks are behaving like pyromaniac firefighters, presenting themselves as the solution to the crises their policies create.
In this interview at Real Vision, we discuss this issue.
Daniel Lacalle is Chief Economist at Tressis SV, has a PhD in Economics and is author of “Escape from the Central Bank Trap”, “Life In The Financial Markets” and “The Energy World Is Flat” (Wiley)
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What do you mean by “behind the curve”? Thank you!
Official interest rates behind markets and inflation