Jason Hartman talks with Raghuram Rajan, former Governor of the Reserve Bank of India and former Chief Economist and Director of Research at the International Monetary Fund (IMF), about how community has been weakened, which has allowed competitive markets and governments to get out of balance. They also discuss what jobs will remain after automation takes off even more, mortgage rates and whether we’re headed toward inflation or deflation.
[1:24] What the IMF is and how it differs from the World Bank
[6:20] Massive technological change tends to hit an area and hurt before the benefits kick in later
[9:30] After automation comes and takes many of the jobs, there will still be jobs that involve human interaction
[14:51] Is Raghuram seeing inflation, deflation, stagflation or what in the coming years?
[17:34] Are mortgage interest rates artificially low?
[22:17] There’s good deflation and bad deflation