Konstam: Central Banks Recognize Problems They Create

The transcript discusses the challenges and implications of fiscal policy and central banking, particularly in the context of quantitative easing (QE) and negative interest rates. It explores the concept of reflation and its historical effectiveness, highlighting the redistribution effects of financial repression. The role of inflation in managing debt is analyzed, with a focus on the potential use of helicopter money and its political implications. The discussion also touches on Japan's debt situation and the concept of perpetual debt.

In what ways can inflation be seen as a method of debt relief?

What challenges are associated with implementing 'helicopter money' as a policy?