Image Source: Pixabay

People are cyclical. The economy is cyclical. It’s something I’ve continuously repeated to myself the past few weeks as I’ve been traveling. I had a conversation with my Uber driver about the current state of affairs, and he asked me - “how could you be so jaded to choose money over people” when I was explaining the well-that’s-just-how-it-is-ism of the Federal Reserve.

I did a piece for Bloomberg Opinion on three main economic players - fiscal policy decision-makers, the central banks, and the markets. The markets are increasingly dictating policy as we saw in the U.K. recently. We are seeing demands for austerity, and demands of reconciliation between fiscal and monetary policy. And of course, the question is with these intertwined players - who is really driving the economic car?

Video Length: 00:12:11

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