Whalen: Neo-Keynesian Construct of Low Rates Is Wrong

The transcript discusses the debate over raising interest rates, highlighting the challenges and impacts of low rates on the economy. It examines global monetary policies and the deflationary trap faced by industrial countries. The discussion also covers the role of feedback loops in policy decisions and the potential for corporate sector solutions, such as raising wages, to address economic issues.

How does the speaker relate the current economic situation to past financial crises?

What historical context does the speaker provide regarding interest rates and economic growth?

In what ways does the speaker believe wage rates will change?