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There is no way to escape debt deflation without extremely reflationary monetary policy (QE, helicopter drops), and there is no way to achieve reflationary monetary policy while maintaining a currency peg against the dollar, which China currently has and seems unwilling to change.

causalpending

Speaker

Brian McCarthy

Evidence Quote

“there's just no way to get out of a debt deflation without Rel without extremely reflationary monetary policy whether that's some kind of QE helicopter drop or whatever and there's no way to get to a really reflationary monetary policy stance when you have a currency Peg against the dollar”

Source

China’s Economic House Of Cards Is Collapsing | Brian McCarthy— The Monetary Matters Network
Created: 8/10/2026, 11:05:04 PM

My Notes

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