Diamond Urges Raising Rates to Prepare for Next Crisis

The transcript discusses the 2009 financial crisis, comparing it to the Great Depression. It highlights the ongoing consequences, such as populism and stagnant growth, and the challenges in adjusting monetary and fiscal policies. The discussion also covers the risks posed by maturing corporate debt and the need for economic policy adjustments to stabilize the market.

What does the speaker imply about the relationship between populism and the financial crisis?

In what ways does the speaker suggest we can move towards a normalized level of interest rates?