No, they're fudging it, they're pretending because they don't want the public to know. No one ever admits ignorant but may I ask how? I'm not an economist. I'm interested but I did not know until you just told me that banks play no role in economic models. No, they're not in there. When the 2008 crisis happened, the central banks were using the so called DSGE models. This is a huge complicated sounding name. (25:12–25:17)
CLAIM
Asserts that banks are not included in economic models.
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