Harvard Professor, Carmen Reinhart: Financial Repression Requires a Captive Audience
About this week’s show:
-The opaque transfer of wealth using negative interest and regulation
-Inflation is hidden by making the same priced potato chip bag even smaller
-Never underestimate the Government’s ability to create a “captive audience”
About the guest: Carmen M. Reinhart is the Minos A. Zombanakis Professor of the International Financial System at Harvard Kennedy School. Professor Reinhart held positions as Chief Economist and Vice President at the investment bank Bear Stearns in the 1980s. She spent several years at the International Monetary Fund. Reinhart is a Research Associate at the National Bureau of Economic Research, and a member of the Congressional Budget Office Panel of Economic Advisers and the Economic Advisory Panel of the Federal Reserve Bank of New York. She has been listed among Bloomberg Markets Most Influential 50 in Finance.
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