Evidence receipt / evaluation
Published · transcript-backedMark Carney: evaluation
26 May 2021 Conversations with Tyler Mark Carney on Central Banking and Shared Values
“I will say — and I’ve mentioned it in the book — that it was the discussion in Riyadh in February [2020] on COVID which was one time that you saw everyone’s head snap up from their iPads and pay attention, because it was the moment the pin dropped for the vast majority that we were in big trouble.”
Source trail
Everything needed to verify it.
- Speaker
- Mark Carney
- Attribution
- Verified speaker
- Claim type
- evaluation
- Recorded
- 26 May 2021
- Publisher
- Conversations with Tyler
Transcript context
…Maybe especially on the discussion of the global economy. Well, maybe especially in discussion of the global economy. I will say — and I’ve mentioned it in the book — that it was the discussion in Riyadh in February [2020] on COVID which was one time that you saw everyone’s head snap up from their iPads and pay attention, because it was the moment the pin dropped for the vast majority that we were in big trouble. Let’s move to the thrilling central banking topic of the liquidity trap. What I observe in my own country is that for over a decade, we have rates of price inflation really very close to 1.8 percent, close to 2 percent. The liquidity trap in its essence claims the central bank can’t control the price level; maybe the price level is indeterminate. My view is simply the liquidity trap theories are wrong, but what’s your view?…
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