Amar Bhidé
Author of Uncertainty and Enterprise: Venturing Beyond the Known
- What central bankers should and should not be asked to do
- Lecture on medical innovation at ESBRI, Stockholm
One thought on “Bloomberg Surveillance interview snippets”
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The economic boost to a small export driven country, coming from an artificially low currency rate created by the Riksbank’s hyper-aggressive negative rate policy, is too pleasant for anyone to want to be reminded that this “beggar-thy-neighbour” party cannot go on forever. Negative side effects such as the residential housing bubble, capital misallocation, reduced productivity, wealth redistribution etc are brushed aside. The end game will, as in the dot-com and previous housing bubble, be ugly.