How The RBA Chief Became The RBA Whistleblower Part 1 with Jo Walker from Jolly Swagman Today we sit down with Joseph Walker host of the Jolly Swagman podcast to discuss his recent interviews with former RBA chief economist Ian Macfarlane. His views on monetary policy in the wake of recent events unfolding before our eyes in Australia & globally are more relevant than any time in history. His insight into how central bankers think, the tools they have at their disposal & how monetary policy may have reached it limits were incredible to hear from the horses mouth. It's becoming clear that central banks are out of bullets & they are increasing putting the pressure on governments to drive economic growth through fiscal spending. All this when governments around the world are already sitting on record levels of debt. #Finance #Economics #CentralBanks Follow Joseph Walker: https://twitter.com/JosephNWalker https://twitter.com/jollyswagmenpod Timestamps: 0:00 Jo’s chat with former RBA governor Ian Macfarlane 2:50 Large structural forces impacting markets & reaching the limit of traditional RBA policy 7:00 Australian house prices & Ian’s obsession with the property market 11:15 Philip Lowe responding to inflation in the U.S 13:00 Importance of forward guidance & talking to the market 15:20 Monetary policy & historic forces explaining the early inflation story 18:20 Globalisation as a key development & labour saving technology 19:55 Recently inflation averaged 1.6% P.A. & turning to low interest rates 22:40 Increasing household debt & transfer of value 24:55 Inequality & indebted demand in society 26:10 Pumping asset & housing prices 30:05 Overlapping monetary & fiscal policy 33:40 Secular stagnation & supply-demand side factors ? Free education, resources & discounts: https://nuggetsnews.com.au/ ? Join Our Community: https://nuggetsnews.com.au/nuggets-crypto-community/ eToro Get $100 Free Bitcoin & 10% Deposit Credits when you sign up. The easiest place to trade & invest in stocks, currencies, commodities, ETFs & indices: https://nuggetsnews.com.au/nuggets-news-partners-with-social-trading-giant-etoro/ How To Invest In Gold & Silver: https://nuggetsnews.com.au/resources/trading-investing/how-to-invest-in-gold-silver-precious-metals/ ? Did you enjoy this video? SUBSCRIBE for more: https://www.youtube.com/c/nuggetsnews?sub_confirmation=1 ? More Resources & Content: https://nuggetsnews.com.au ? Always on the go? Tune in on your favourite Podcast app: https://lnk.to/nuggetsnews #️⃣ Connect with us: Twitter: https://twitter.com/NuggetsNewsAU Facebook: https://www.facebook.com/nuggetsnews LinkedIn: https://www.linkedin.com/company/nuggetsnews Instagram: https://www.instagram.com/nuggetsnewsaus Reddit: https://www.reddit.com/user/nugget_alex _________ ❗ DISCLAIMER ❗ Alex Saunders is not a Financial Adviser. All opinions expressed by Alex Saunders or his guests in this video are for informational purposes only and should not be treated as investment or financial advice of any kind. Any information provided during the video is general in nature and does not take into account the viewers specific circumstances. Nugget’s News and its individual team members are not liable to the viewer or any other party, for the viewer’s use of, or reliance on, any information received, directly or indirectly, from the video in any circumstances. The viewer should always: 1. Conduct their own research, 2. Never invest more than they are willing to lose, 3. Obtain independent legal, financial, taxation and/or other professional advice in respect of any decision made in connection with this video.