Neel mentions inflation is caused by the demand curve exceeding that of supply... I can agree that it contributes but the main inducers of inflation are fractional reserve banking (put a dollar in the bank, the bank turns it into 10 dollars automatically and lends it out then charges interest) , federal reserve money printing through monetary policy, and robust economic growth in a very short period of time... usually from low interest rates so inflation is not really present... but could spike post growth.
I wish the interviewer challenged the speakers a little more. I know it's a dumb request since the Aspen Institute is set up to provide a comfortable weekend for rich people, something a tough question might interrupt. Nonetheless, on the particular point of the energy transition, I keep hearing the point we must maintain energy price stability, particularly for fossil fuels. This is a point Larry Summers makes at the 35:42 mark. In this context, I wish the interviewer would have said something like this: "Larry, you mentioned price stability, particularly relating to fossil fuels, as a primary concern. Historically, dying markets show price volatility, as investors don't encourage further production and prefer cash in hand. Given this historical data, do you think nationalization or price caps is warranted?" In a different ideological context, I might ask a socialist if they thought market liberalization regarding zoning practices makes sense.
Neel Kashkari is one of the worst people to use to represent the fed reserve. He wants 2% interest rate for his own personal finances, not for the health of the nation.
Neel mentions inflation is caused by the demand curve exceeding that of supply... I can agree that it contributes but the main inducers of inflation are fractional reserve banking (put a dollar in the bank, the bank turns it into 10 dollars automatically and lends it out then charges interest) , federal reserve money printing through monetary policy, and robust economic growth in a very short period of time... usually from low interest rates so inflation is not really present... but could spike post growth.
I wish the interviewer challenged the speakers a little more. I know it's a dumb request since the Aspen Institute is set up to provide a comfortable weekend for rich people, something a tough question might interrupt.
Nonetheless, on the particular point of the energy transition, I keep hearing the point we must maintain energy price stability, particularly for fossil fuels. This is a point Larry Summers makes at the 35:42 mark. In this context, I wish the interviewer would have said something like this: "Larry, you mentioned price stability, particularly relating to fossil fuels, as a primary concern. Historically, dying markets show price volatility, as investors don't encourage further production and prefer cash in hand. Given this historical data, do you think nationalization or price caps is warranted?"
In a different ideological context, I might ask a socialist if they thought market liberalization regarding zoning practices makes sense.
Climate change is going to make mush of all our ideologies.
YES
' Christopher Bollyn Solving 9 11 Audio Book . '
Neel Kashkari is one of the worst people to use to represent the fed reserve.
He wants 2% interest rate for his own personal finances, not for the health of the nation.
The broad speculations here are incredible...the gall to predict what middle to low income will do and why is offensive. She has no clue.
Sounds like it
summer sucks!