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Won't rising interest rates, whenever they occur and whatever the circumstance, trigger a recession? (I agree with your argument about the "double dip" -- we never finished the first dip.) I wonder if any nation will do what Volcker did in the 80s to break the stagflation cycle? It seems that no nation wants to even consider that even though it might be beneficial in the long run because they fear something like the Great Depression, albeit on a much grander scale.

Awesome presentation by the way! I wish I was there or could watch the whole thing.