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A focused study group for the discussion of economics and economic policy.
32021 Members
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© 2020 Relevant Protocols Inc.
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Despite an enormous monetary policy response to the global financial crisis, inflation remained historically very low. Why? "In my view, there are two primary reasons: low money velocity and heavy deleveraging by banks, households and, eventually, governments."
Despite an enormous monetary policy response to the global financial crisis, inflation remained historically very low. Why? "In my view, there are two primary reasons: low money velocity and heavy deleveraging by banks, households and, eventually, governments."
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