Rajan sees three fault lines, all of which continue to pose serious threats to our economy: (1) the expansion of cheap credit in the US in the previous decade; (2) excess savings overseas in countries such as China that helped fuel low interest rates; and (3) continued expectations in the financial arena that the US government will bail them out in the case of another crisis. All of which makes the current debate over financial regulation all the more critical.
What's going on with inflation?
2 years ago
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