The Monetary Policy Endgame
The Expert View
Featuring Simon White
Published on: September 18th, 2019 • Duration: 24 minutesSimon White, co-founder of Variant Perception, explains his view that as interest rates approach the zero bound, conventional monetary policy tools do not achieve their intended goals, but instead create deflationary pressures. He argues that in a negative-rate world, the private sector increases savings rates to combat their lack of income - causing an even bigger deflationary push. White believes that conventional monetary policy is nearing its limits, and MMT will unleash a flurry of inflation as politicians take control of policy. Filmed on September 13, 2019 in London. Variant Perception’s whitepaper on MMT can be accessed at this link: https://rvtv.io/2kEGXzQ
HOW IS CURRENT MONETARY POLICY FAILING?
HOW HAS QE BEEN INEFFECTIVE?
WHAT ARE THE ALTERNATIVES TO MONETARY POLICY?
WHAT ARE THE DIFFERENCES BETWEEN MMT & QE?
WHAT ARE SOME EXAMPLES OF INFLATION DUE TO MMT?
WHAT ARE THE MARKET IMPLICATIONS OF THESE POLICIES?
WHAT HAPPENS TO BANKS UNDER THIS NEW REGIME?
WHAT HAPPENS TO GOLD?
HOW DOES THIS ALL END?